Fidelity Fundamental Small-Mid Cap ETF (BATS:FSMO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FSMO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.46 and traded as high as $28.25. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $28.25, with a volume of 18,294 shares.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 0.1 %

The stock has a market capitalization of $72.04 million, a price-to-earnings ratio of 16.91 and a beta of 1.07. The company has a 50 day simple moving average of $27.64 and a 200-day simple moving average of $26.46.

Institutional Investors Weigh In On Fidelity Fundamental Small-Mid Cap ETF

An institutional investor recently raised its position in Fidelity Fundamental Small-Mid Cap ETF stock. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FSMO) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,414 shares of the company’s stock after buying an additional 7,667 shares during the period. Commonwealth Equity Services LLC owned approximately 8.88% of Fidelity Fundamental Small-Mid Cap ETF worth $5,710,000 as of its most recent SEC filing.

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.