Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Trading 0.8% Higher – Time to Buy?

Shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) were up 0.8% on Wednesday . The stock traded as high as $50.11 and last traded at $50.11. Approximately 7,281 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 8,813 shares. The stock had previously closed at $49.70.

Fidelity Disruptive Communications ETF Price Performance

The company’s 50-day moving average price is $50.01 and its two-hundred day moving average price is $48.10. The company has a market capitalization of $100.22 million, a price-to-earnings ratio of 26.94 and a beta of 1.21.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of Fidelity Disruptive Communications ETF by 56.0% during the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after buying an additional 34,203 shares during the period. Align Financial LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at $2,311,000. VestGen Advisors LLC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter worth $276,000. Advisory Services Network LLC acquired a new stake in Fidelity Disruptive Communications ETF in the third quarter worth $59,000. Finally, POM Investment Strategies LLC grew its holdings in Fidelity Disruptive Communications ETF by 113.0% in the second quarter. POM Investment Strategies LLC now owns 15,309 shares of the company’s stock worth $765,000 after purchasing an additional 8,123 shares during the period.

About Fidelity Disruptive Communications ETF

The Fidelity Disruptive Communications ETF (FDCF) 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 companies tied with disruptive technologies in communications services. The fund invests in securities of domestic and foreign issuers FDCF was launched on Apr 16, 2020 and is managed by Fidelity.