Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Price Breaks Above 200 Day Moving Average – Here’s What Happened

Shares of Fidelity Disruptors ETF (NASDAQ:FDIF) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $38.24 and traded as high as $38.88. Fidelity Disruptors ETF shares last traded at $38.85, with a volume of 18,443 shares.

Fidelity Disruptors ETF Stock Down 0.3%

The company has a market cap of $93.02 million, a P/E ratio of 27.24 and a beta of 1.26. The company has a fifty day moving average of $40.93 and a 200 day moving average of $38.27.

Fidelity Disruptors ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were paid a $0.02 dividend. This is a drop from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340. The ex-dividend date was Friday, September 18th. This represents a $0.08 annualized dividend and a dividend yield of 0.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FDIF. Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity Disruptors ETF in the 3rd quarter worth $675,000. MFA Wealth Services grew its holdings in Fidelity Disruptors ETF by 4.5% during the third quarter. MFA Wealth Services now owns 12,229 shares of the company’s stock valued at $510,000 after purchasing an additional 525 shares during the period. Finally, Citadel Advisors LLC grew its holdings in Fidelity Disruptors ETF by 17.7% during the second quarter. Citadel Advisors LLC now owns 10,568 shares of the company’s stock valued at $428,000 after purchasing an additional 1,591 shares during the period.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.