Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Fidelity Disruptive Communications ETF (NASDAQ:FDCF)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $48.62 and traded as low as $46.74. Fidelity Disruptive Communications ETF shares last traded at $47.00, with a volume of 13,304 shares changing hands.

Fidelity Disruptive Communications ETF Stock Performance

The company has a market cap of $94 million, a PE ratio of 26.94 and a beta of 1.21. The firm has a fifty day simple moving average of $50.98 and a 200 day simple moving average of $48.62.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A hedge fund recently raised its stake in Fidelity Disruptive Communications ETF stock. POM Investment Strategies LLC increased its holdings in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) by 113.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,309 shares of the company’s stock after purchasing an additional 8,123 shares during the quarter. Fidelity Disruptive Communications ETF accounts for about 0.9% of POM Investment Strategies LLC’s investment portfolio, making the stock its 18th largest holding. POM Investment Strategies LLC owned approximately 0.77% of Fidelity Disruptive Communications ETF worth $765,000 at the end of the most recent quarter.

Fidelity Disruptive Communications ETF Company Profile

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.