Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Price Down 0.3% – Time to Sell?

Fidelity Disruptors ETF (NASDAQ:FDIF)’s share price dropped 0.3% during trading on Monday . The company traded as low as $38.64 and last traded at $38.64. Approximately 3,447 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 7,918 shares. The stock had previously closed at $38.75.

Fidelity Disruptors ETF Price Performance

The company has a market capitalization of $101.19 million, a price-to-earnings ratio of 27.66 and a beta of 1.22. The firm has a 50-day moving average price of $39.03 and a two-hundred day moving average price of $36.59.

Fidelity Disruptors ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a $0.034 dividend. This represents a $0.14 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, June 18th. This is a positive change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On Fidelity Disruptors ETF

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of Fidelity Disruptors ETF during the 4th quarter worth approximately $75,000. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Disruptors ETF by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock worth $428,000 after purchasing an additional 579 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Fidelity Disruptors ETF by 40.0% in the fourth quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock worth $69,000 after purchasing an additional 550 shares in the last quarter. Sfmg LLC boosted its holdings in Fidelity Disruptors ETF by 3.8% during the fourth quarter. Sfmg LLC now owns 219,730 shares of the company’s stock worth $7,868,000 after purchasing an additional 8,077 shares during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new position in Fidelity Disruptors ETF during the fourth quarter worth $36,000.

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.