Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Trading Up 1.2% – Here’s Why

Shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) were up 1.2% during trading on Wednesday . The company traded as high as $45.80 and last traded at $45.72. Approximately 9,039 shares changed hands during trading, a decline of 17% from the average daily volume of 10,837 shares. The stock had previously closed at $45.17.

Fidelity Disruptive Communications ETF Trading Up 1.2%

The company has a market capitalization of $100.58 million, a P/E ratio of 26.94 and a beta of 1.19. The business’s fifty day moving average price is $47.06 and its 200 day moving average price is $47.64.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Several large investors have recently bought and sold shares of the business. Key Capital Management INC bought a new position in Fidelity Disruptive Communications ETF during the 4th quarter worth approximately $29,000. Raleigh Capital Management Inc. bought a new stake in Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $44,000. Advisory Services Network LLC acquired a new stake in Fidelity Disruptive Communications ETF in the third quarter worth $59,000. Cape Investment Advisory Inc. raised its holdings in Fidelity Disruptive Communications ETF by 10.6% in the second quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock worth $197,000 after purchasing an additional 425 shares during the period. Finally, BXM Wealth LLC bought a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth $257,000.

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.