Fidelity Fundamental Small-Mid Cap ETF (BATS:FSMO) Trading Up 0.2%

Fidelity Fundamental Small-Mid Cap ETF (BATS:FSMO) traded up 0.2% during trading on Monday . The company traded as high as $27.45 and last traded at $27.44. 40,346 shares changed hands during trading, The stock had previously closed at $27.39.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.2 %

The stock has a market capitalization of $69.97 million, a price-to-earnings ratio of 16.91 and a beta of 1.07. The stock has a 50-day simple moving average of $26.46 and a 200 day simple moving average of $25.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in Fidelity Fundamental Small-Mid Cap ETF by 3.5% during the second quarter. Commonwealth Equity Services LLC now owns 226,414 shares of the company’s stock valued at $5,710,000 after purchasing an additional 7,667 shares during the last quarter. Dentgroup LLC acquired a new position in Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter worth about $894,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter worth about $10,810,000.

About Fidelity Fundamental Small-Mid Cap ETF

The Fidelity Small-Mid Cap Opportunities ETF (FSMO) is an exchange-traded fund that is based on the Russell 2500 TR USD index. 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. FSMO was launched on Feb 2, 2021 and is managed by Fidelity.