Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.78 and traded as high as $28.79. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $28.70, with a volume of 25,712 shares changing hands.

Fidelity Fundamental Small-Mid Cap ETF Trading Down 0.6 %

The business’s fifty day simple moving average is $28.22 and its 200 day simple moving average is $26.81. The stock has a market cap of $73.14 million, a P/E ratio of 16.91 and a beta of 1.08.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

A number of large investors have recently added to or reduced their stakes in the stock. Evernest Financial Advisors LLC bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 3rd quarter valued at approximately $7,146,000. San Luis Wealth Advisors LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF during the third quarter valued at $5,297,000. Harbour Investments Inc. purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF in the third quarter worth $593,000. Finally, National Bank of Canada FI bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the third quarter valued at $137,000.

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.