Fidelity Fundamental Large Cap Core ETF (BATS:FMIL) Trading 0.3% Higher – Here’s Why

Fidelity Fundamental Large Cap Core ETF (BATS:FMIL)’s stock price was up 0.3% during mid-day trading on Monday . The company traded as high as $47.78 and last traded at $47.70. Approximately 104,472 shares traded hands during mid-day trading, The stock had previously closed at $47.57.

Fidelity Fundamental Large Cap Core ETF Stock Performance

The company has a market capitalization of $319.59 million, a price-to-earnings ratio of 21.92 and a beta of 1.06. The business has a 50 day moving average price of $45.50 and a 200-day moving average price of $43.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FMIL. Commonwealth Equity Services LLC raised its stake in Fidelity Fundamental Large Cap Core ETF by 34.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 353,240 shares of the company’s stock worth $15,359,000 after buying an additional 91,091 shares during the period. Fiduciary Planning LLC acquired a new position in Fidelity Fundamental Large Cap Core ETF during the 2nd quarter worth approximately $7,035,000. Envestnet Asset Management Inc. raised its stake in Fidelity Fundamental Large Cap Core ETF by 9.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 113,485 shares of the company’s stock worth $4,934,000 after buying an additional 10,170 shares during the period. Harbour Investments Inc. raised its stake in Fidelity Fundamental Large Cap Core ETF by 6,730.1% during the 2nd quarter. Harbour Investments Inc. now owns 80,322 shares of the company’s stock worth $3,492,000 after buying an additional 79,146 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in Fidelity Fundamental Large Cap Core ETF by 97.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 69,186 shares of the company’s stock worth $3,008,000 after buying an additional 34,189 shares during the period.

Fidelity Fundamental Large Cap Core ETF Company Profile

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.