Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Trading Down 2% – Here’s What Happened

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) traded down 2% during trading on Friday . The company traded as low as $27.71 and last traded at $26.82. 169,776 shares changed hands during mid-day trading, The stock had previously closed at $27.38.

Fidelity Fundamental Small-Mid Cap ETF Trading Down 2.0 %

The firm has a market capitalization of $730.85 million, a price-to-earnings ratio of 18.22 and a beta of 1.09. The company’s 50 day moving average is $27.69 and its 200-day moving average is $27.54.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

A number of hedge funds have recently made changes to their positions in FFSM. Harbour Investments Inc. raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 1.7% in the 4th quarter. Harbour Investments Inc. now owns 21,988 shares of the company’s stock valued at $591,000 after acquiring an additional 372 shares during the period. Principal Securities Inc. raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 61.8% in the fourth quarter. Principal Securities Inc. now owns 1,225 shares of the company’s stock valued at $33,000 after purchasing an additional 468 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 45,614 shares of the company’s stock valued at $1,226,000 after purchasing an additional 1,187 shares during the period. Dentgroup LLC lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.0% during the 4th quarter. Dentgroup LLC now owns 46,350 shares of the company’s stock worth $1,246,000 after buying an additional 1,352 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 49.0% during the 4th quarter. National Bank of Canada FI now owns 7,450 shares of the company’s stock worth $200,000 after buying an additional 2,450 shares during the period.

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.