Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Trading 0.1% Higher – Still a Buy?

Fidelity Disruptive Communications ETF (NASDAQ:FDCFGet Free Report)’s stock price traded up 0.1% during mid-day trading on Monday . The company traded as high as $48.14 and last traded at $47.84. 17,893 shares were traded during trading, an increase of 51% from the average session volume of 11,850 shares. The stock had previously closed at $47.80.

Fidelity Disruptive Communications ETF Stock Performance

The firm has a market cap of $100.46 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The stock has a 50-day moving average of $47.92 and a 200-day moving average of $46.06.

Institutional Trading of Fidelity Disruptive Communications ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FDCF. Advisory Services Network LLC bought a new stake in Fidelity Disruptive Communications ETF during the third quarter worth about $59,000. Cape Investment Advisory Inc. boosted its holdings in shares of Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock worth $197,000 after buying an additional 425 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the 2nd quarter valued at about $457,000. Finally, Jane Street Group LLC increased its stake in Fidelity Disruptive Communications ETF by 56.0% during the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after purchasing an additional 34,203 shares in the last quarter.

About Fidelity Disruptive Communications ETF

(Get Free Report)

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.

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