Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Shares Cross Above 200 Day Moving Average – Time to Sell?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.49 and traded as high as $29.71. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $29.51, with a volume of 23,301 shares.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 1.5 %

The stock has a market cap of $76.14 million, a price-to-earnings ratio of 16.91 and a beta of 1.08. The stock’s 50-day simple moving average is $27.69 and its 200-day simple moving average is $26.49.

Institutional Inflows and Outflows

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

Fidelity Fundamental Small-Mid Cap ETF Company Profile

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.