Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Stock Price Up 1.3% – What’s Next?

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) rose 1.3% on Friday . The company traded as high as $35.30 and last traded at $35.26. Approximately 23,903 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 25,787 shares. The stock had previously closed at $34.82.

Fidelity Disruptive Automation ETF Stock Performance

The company has a fifty day simple moving average of $33.08 and a two-hundred day simple moving average of $32.28. The stock has a market capitalization of $176.30 million, a price-to-earnings ratio of 29.47 and a beta of 1.22.

Fidelity Disruptive Automation ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a $0.097 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 1.1%. This is a boost from Fidelity Disruptive Automation ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 3rd quarter worth approximately $33,000. Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF in the 3rd quarter valued at $273,000. AE Wealth Management LLC boosted its holdings in shares of Fidelity Disruptive Automation ETF by 3,021.6% in the 2nd quarter. AE Wealth Management LLC now owns 13,298 shares of the company’s stock valued at $399,000 after purchasing an additional 12,872 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Fidelity Disruptive Automation ETF by 7,069.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,622 shares of the company’s stock valued at $408,000 after purchasing an additional 13,432 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Fidelity Disruptive Automation ETF by 4.4% during the 2nd quarter. MML Investors Services LLC now owns 37,173 shares of the company’s stock worth $1,114,000 after buying an additional 1,560 shares in the last quarter.

Fidelity Disruptive Automation ETF Company Profile

The Fidelity Disruptive Automation ETF (FBOT) 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 thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.