Shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) rose 1.5% during mid-day trading on Wednesday . The company traded as high as $56.18 and last traded at $55.75. 38,958 shares traded hands during trading, an increase of 11% from the average session volume of 35,004 shares. The stock had previously closed at $54.92.
Fidelity Disruptive Technology ETF Stock Performance
The stock has a fifty day moving average of $53.88 and a 200 day moving average of $46.62. The company has a market capitalization of $300.62 million, a P/E ratio of 36.21 and a beta of 1.72.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Fidelity Disruptive Technology ETF by 693.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock valued at $3,699,000 after acquiring an additional 82,859 shares during the period. Citadel Advisors LLC bought a new stake in Fidelity Disruptive Technology ETF during the 3rd quarter worth approximately $2,781,000. Commonwealth Equity Services LLC lifted its holdings in Fidelity Disruptive Technology ETF by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock valued at $2,254,000 after purchasing an additional 3,307 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Fidelity Disruptive Technology ETF during the third quarter valued at approximately $1,912,000. Finally, Jane Street Group LLC lifted its holdings in Fidelity Disruptive Technology ETF by 545.6% during the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after purchasing an additional 38,912 shares in the last quarter.
Fidelity Disruptive Technology ETF Company Profile
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.
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