Fidelity Fundamental Large Cap Core ETF (BATS:FMIL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Fidelity Fundamental Large Cap Core ETF (BATS:FMIL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.19 and traded as high as $46.86. Fidelity Fundamental Large Cap Core ETF shares last traded at $46.84, with a volume of 352,029 shares traded.

Fidelity Fundamental Large Cap Core ETF Stock Performance

The stock has a 50-day moving average of $46.08 and a two-hundred day moving average of $44.23. The company has a market cap of $316.51 million, a P/E ratio of 21.92 and a beta of 1.06.

Hedge Funds Weigh In On Fidelity Fundamental Large Cap Core ETF

A number of large investors have recently bought and sold shares of FMIL. EP Wealth Advisors LLC purchased a new position in Fidelity Fundamental Large Cap Core ETF in the 1st quarter worth approximately $109,000. Tactive Advisors LLC purchased a new position in shares of Fidelity Fundamental Large Cap Core ETF during the first quarter valued at approximately $2,278,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Fidelity Fundamental Large Cap Core ETF by 15.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,629 shares of the company’s stock valued at $1,071,000 after buying an additional 3,267 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of Fidelity Fundamental Large Cap Core ETF by 97.7% during the second quarter. Atria Wealth Solutions Inc. now owns 69,186 shares of the company’s stock valued at $3,008,000 after buying an additional 34,189 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Fidelity Fundamental Large Cap Core ETF by 13.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,069 shares of the company’s stock valued at $438,000 after buying an additional 1,230 shares during the period.

About Fidelity Fundamental Large Cap Core ETF

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.