Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Shares Up 0.3% – Here’s What Happened

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) shares shot up 0.3% on Monday . The stock traded as high as $35.38 and last traded at $35.18. 14,386 shares were traded during mid-day trading, a decline of 52% from the average session volume of 30,271 shares. The stock had previously closed at $35.06.

Fidelity Disruptive Automation ETF Price Performance

The company has a market capitalization of $175.90 million, a PE ratio of 29.47 and a beta of 1.22. The company’s fifty day moving average is $34.06 and its 200-day moving average is $32.91.

Fidelity Disruptive Automation ETF Increases Dividend

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

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

A number of hedge funds have recently made changes to their positions in FBOT. Key Capital Management INC purchased a new position in Fidelity Disruptive Automation ETF in the fourth quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter valued at about $33,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Automation ETF in the 4th quarter valued at about $38,000. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Disruptive Automation ETF in the 3rd quarter worth approximately $273,000. Finally, AE Wealth Management LLC grew its position 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 worth $399,000 after buying an additional 12,872 shares during 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.