Fidelity Fundamental Large Cap Core ETF (BATS:FMIL) Trading Up 0.9% – Time to Buy?

Shares of Fidelity Fundamental Large Cap Core ETF (BATS:FMIL) were up 0.9% during trading on Tuesday . The company traded as high as $47.32 and last traded at $47.20. Approximately 112,182 shares were traded during mid-day trading, The stock had previously closed at $46.78.

Fidelity Fundamental Large Cap Core ETF Stock Up 1.1 %

The stock has a market capitalization of $319.86 million, a P/E ratio of 21.92 and a beta of 1.06. The firm has a 50 day simple moving average of $46.90 and a two-hundred day simple moving average of $45.43.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FMIL. Creative Planning bought a new position in shares of Fidelity Fundamental Large Cap Core ETF during the second quarter valued at $280,000. Dana Investment Advisors Inc. purchased a new stake in shares of Fidelity Fundamental Large Cap Core ETF during the second quarter valued at approximately $1,806,000. Finally, Envestnet Asset Management Inc. raised its holdings in Fidelity Fundamental Large Cap Core ETF by 9.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,485 shares of the company’s stock worth $4,934,000 after acquiring an additional 10,170 shares during the last quarter.

About Fidelity Fundamental Large Cap Core ETF

The Fidelity New Millennium ETF (FMIL) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected global companies potentially benefiting from long-term changes in the marketplace. The fund utilizes the Fidelity non-transparent model.