Envestnet Asset Management Inc. Lowers Position in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)

Envestnet Asset Management Inc. decreased its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) by 4.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,150 shares of the company’s stock after selling 528 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity Fundamental Small-Mid Cap ETF were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 49.0% during the 4th quarter. National Bank of Canada FI now owns 7,450 shares of the company’s stock valued at $200,000 after acquiring an additional 2,450 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 45,614 shares of the company’s stock worth $1,226,000 after purchasing an additional 1,187 shares during the last quarter. Harbour Investments Inc. raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 1.7% in the fourth quarter. Harbour Investments Inc. now owns 21,988 shares of the company’s stock valued at $591,000 after purchasing an additional 372 shares in the last quarter. Principal Securities Inc. lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 61.8% during the fourth quarter. Principal Securities Inc. now owns 1,225 shares of the company’s stock valued at $33,000 after purchasing an additional 468 shares during the last quarter. Finally, Evernest Financial Advisors LLC grew its stake in Fidelity Fundamental Small-Mid Cap ETF by 36.3% in the 4th quarter. Evernest Financial Advisors LLC now owns 354,974 shares of the company’s stock worth $9,542,000 after buying an additional 94,559 shares in the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

Fidelity Fundamental Small-Mid Cap ETF stock opened at $25.27 on Wednesday. Fidelity Fundamental Small-Mid Cap ETF has a fifty-two week low of $21.80 and a fifty-two week high of $29.71. The stock has a market cap of $629.22 million, a P/E ratio of 17.86 and a beta of 1.09. The firm’s fifty day moving average price is $24.71 and its 200-day moving average price is $26.82.

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.