Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Up 0.5% – Should You Buy?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was up 0.5% during mid-day trading on Monday . The company traded as high as $43.80 and last traded at $43.36. Approximately 30,451 shares were traded during trading, an increase of 52% from the average daily volume of 19,979 shares. The stock had previously closed at $43.16.

Fidelity Disruptive Technology ETF Stock Up 0.5%

The company has a market cap of $208.13 million, a PE ratio of 36.21 and a beta of 1.52. The business has a 50-day simple moving average of $40.57 and a 200-day simple moving average of $38.21.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Fidelity Disruptive Technology ETF by 693.0% in the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock valued at $3,699,000 after acquiring an additional 82,859 shares in the last quarter. Jane Street Group LLC boosted its stake in Fidelity Disruptive Technology ETF by 545.6% in the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after acquiring an additional 38,912 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Fidelity Disruptive Technology ETF in the first quarter valued at $677,000. BXM Wealth LLC acquired a new position in Fidelity Disruptive Technology ETF in the second quarter valued at $835,000. Finally, Venturi Wealth Management LLC acquired a new position in Fidelity Disruptive Technology ETF in the second quarter valued at $234,000.

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.