Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Shares Down 0.4% – Time to Sell?

Fidelity Disruptive Finance ETF (NASDAQ:FDFF)’s share price fell 0.4% during trading on Friday . The stock traded as low as $37.20 and last traded at $37.33. 7,236 shares traded hands during trading, an increase of 14% from the average session volume of 6,370 shares. The stock had previously closed at $37.48.

Fidelity Disruptive Finance ETF Stock Performance

The stock has a market capitalization of $48.53 million, a P/E ratio of 24.27 and a beta of 1.37. The firm has a 50-day moving average price of $37.86 and a 200 day moving average price of $36.49.

Fidelity Disruptive Finance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were given a $0.161 dividend. The ex-dividend date was Friday, June 20th. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a yield of 1.7%.

Institutional Trading of Fidelity Disruptive Finance ETF

Several large investors have recently modified their holdings of FDFF. Jane Street Group LLC grew its stake in shares of Fidelity Disruptive Finance ETF by 242.3% in the fourth quarter. Jane Street Group LLC now owns 62,044 shares of the company’s stock worth $2,292,000 after purchasing an additional 43,916 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Fidelity Disruptive Finance ETF in the first quarter worth about $563,000. Bank of America Corp DE bought a new stake in shares of Fidelity Disruptive Finance ETF in the fourth quarter worth about $428,000. AE Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Finance ETF in the second quarter worth about $381,000. Finally, Osaic Holdings Inc. grew its stake in shares of Fidelity Disruptive Finance ETF by 443.5% in the second quarter. Osaic Holdings Inc. now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 887 shares during the last quarter.

Fidelity Disruptive Finance ETF Company Profile

The Fidelity Disruptive Finance ETF (FDFF) 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 disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.