Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $49.07 and traded as low as $44.57. Fidelity Disruptive Technology ETF shares last traded at $44.99, with a volume of 486,803 shares changing hands.

Fidelity Disruptive Technology ETF Trading Down 9.0%

The firm has a market capitalization of $251.94 million, a price-to-earnings ratio of 36.21 and a beta of 1.75. The company’s 50 day moving average is $55.56 and its 200-day moving average is $49.07.

Institutional Trading of Fidelity Disruptive Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDTX. Commonwealth Equity Services LLC bought a new stake in Fidelity Disruptive Technology ETF in the third quarter valued at approximately $8,199,000. Vise Technologies Inc. bought a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $223,000. Root Financial Partners LLC bought a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $140,000. IFP Advisors Inc boosted its stake in shares of Fidelity Disruptive Technology ETF by 186.6% during the 3rd quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock worth $163,000 after acquiring an additional 1,803 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity Disruptive Technology ETF during the 2nd quarter worth approximately $91,000.

About Fidelity Disruptive Technology ETF

The Fidelity Disruptive Technology ETF (FDTX) 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 believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.