Fidelity Sustainable U.S. Equity ETF (NYSEARCA:FSST) Trading Down 1.1% – Here’s Why

Fidelity Sustainable U.S. Equity ETF (NYSEARCA:FSST)’s stock price dropped 1.1% during trading on Friday . The company traded as low as $27.47 and last traded at $27.48. Approximately 2,529 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 1,770 shares. The stock had previously closed at $27.79.

Fidelity Sustainable U.S. Equity ETF Stock Down 1.1 %

The firm’s 50 day simple moving average is $27.00 and its two-hundred day simple moving average is $26.05. The stock has a market capitalization of $14.43 million, a P/E ratio of 1.31 and a beta of 1.03.

Institutional Trading of Fidelity Sustainable U.S. Equity ETF

An institutional investor recently raised its position in Fidelity Sustainable U.S. Equity ETF stock. FMR LLC boosted its holdings in shares of Fidelity Sustainable U.S. Equity ETF (NYSEARCA:FSST) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,686 shares of the company’s stock after buying an additional 9,579 shares during the period. FMR LLC owned approximately 24.32% of Fidelity Sustainable U.S. Equity ETF worth $3,460,000 as of its most recent SEC filing.

About Fidelity Sustainable U.S. Equity ETF

The Fidelity Sustainable U.S. Equity ETF (FSST) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent fund with exposure to US companies that deliver tangible ESG impact through core business operations. The fund utilizes the Fidelity non-transparent model.