Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Stock Price Breaks Above 200 Day Moving Average – Here’s Why

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.03 and traded as high as $35.49. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $35.16, with a volume of 366,664 shares changing hands.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 1.1%

The company has a 50-day moving average price of $34.57 and a two-hundred day moving average price of $35.04. The stock has a market capitalization of $1.48 billion, a P/E ratio of 19.36 and a beta of 1.07.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of FFSM. M Holdings Securities Inc. purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at about $2,957,000. Kestra Advisory Services LLC grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 43.1% during the third quarter. Kestra Advisory Services LLC now owns 59,095 shares of the company’s stock worth $1,999,000 after purchasing an additional 17,789 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter worth about $43,645,000. Schmidt P J Investment Management Inc. purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter worth about $518,000. Finally, Summit Wealth Group LLC Co. increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 221.9% in the third quarter. Summit Wealth Group LLC Co. now owns 65,600 shares of the company’s stock worth $2,219,000 after purchasing an additional 45,222 shares during the last quarter.

About Fidelity Fundamental Small-Mid Cap ETF

The Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model. FFSM was launched on Feb 2, 2021 and is issued by Fidelity.