Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $49.07 and traded as low as $44.57. Fidelity Disruptive Technology ETF shares last traded at $44.99, with a volume of 486,803 shares trading hands.

Fidelity Disruptive Technology ETF Price Performance

The firm has a 50-day moving average of $55.38 and a 200 day moving average of $49.11. The company has a market capitalization of $259.95 million, a PE ratio of 36.21 and a beta of 1.75.

Institutional Trading of Fidelity Disruptive Technology ETF

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in Fidelity Disruptive Technology ETF in the first quarter worth approximately $259,000. Citadel Advisors LLC grew its position in Fidelity Disruptive Technology ETF by 14.4% in the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after purchasing an additional 7,277 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Fidelity Disruptive Technology ETF in the 2nd quarter worth approximately $91,000. Root Financial Partners LLC bought a new stake in Fidelity Disruptive Technology ETF in the 3rd quarter worth approximately $140,000. Finally, IFP Advisors Inc raised its stake in Fidelity Disruptive Technology ETF by 186.6% during the 3rd quarter. IFP Advisors Inc now owns 2,769 shares of the company’s stock valued at $163,000 after buying an additional 1,803 shares during the last quarter.

About Fidelity Disruptive Technology ETF

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.