Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Shares Up 0.4% – Still a Buy?

Shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) traded up 0.4% during mid-day trading on Monday . The stock traded as high as $40.84 and last traded at $40.68. Approximately 8,385 shares traded hands during trading, a decline of 63% from the average daily volume of 22,579 shares. The stock had previously closed at $40.51.

Fidelity Disruptive Automation ETF Trading Up 0.4%

The firm has a market capitalization of $223.74 million, a P/E ratio of 29.47 and a beta of 1.29. The company has a 50-day moving average of $38.50 and a 200-day moving average of $37.26.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Fidelity Disruptive Automation ETF in the 1st quarter valued at $1,856,000. LPL Financial LLC lifted its holdings in Fidelity Disruptive Automation ETF by 298.1% in the fourth quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock valued at $1,261,000 after buying an additional 28,319 shares during the period. SteelPeak Wealth LLC acquired a new position in Fidelity Disruptive Automation ETF in the first quarter valued at $828,000. National Bank of Canada FI boosted its position in Fidelity Disruptive Automation ETF by 3.7% during the third quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock valued at $18,016,000 after acquiring an additional 19,728 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Fidelity Disruptive Automation ETF during the fourth quarter valued at $488,000.

Fidelity Disruptive Automation ETF Company Profile

The Fidelity Disruptive Automation ETF (FBOT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.