Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Stock Price Down 0.3% – Time to Sell?

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) dropped 0.3% on Friday . The stock traded as low as $41.21 and last traded at $41.88. Approximately 18,993 shares traded hands during trading, a decline of 60% from the average session volume of 47,021 shares. The stock had previously closed at $41.99.

Fidelity Crypto Industry and Digital Payments ETF Stock Down 0.3%

The stock has a market capitalization of $255.47 million, a PE ratio of 19.69 and a beta of 3.00. The business’s 50-day moving average is $42.51 and its two-hundred day moving average is $40.22.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were issued a $0.153 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On Fidelity Crypto Industry and Digital Payments ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FDIG. Jane Street Group LLC raised its stake in Fidelity Crypto Industry and Digital Payments ETF by 244.2% during the 1st quarter. Jane Street Group LLC now owns 138,654 shares of the company’s stock valued at $3,360,000 after acquiring an additional 98,374 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth approximately $222,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the second quarter worth approximately $438,000. Prairie Wealth Advisors Inc. lifted its holdings in shares of Fidelity Crypto Industry and Digital Payments ETF by 18.0% during the third quarter. Prairie Wealth Advisors Inc. now owns 12,871 shares of the company’s stock worth $632,000 after purchasing an additional 1,960 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of Fidelity Crypto Industry and Digital Payments ETF during the third quarter worth $4,633,000.

About Fidelity Crypto Industry and Digital Payments ETF

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.