Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Trading Up 1.4% – Here’s Why

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) shares shot up 1.4% on Tuesday . The company traded as high as $36.90 and last traded at $36.83. 10,540 shares were traded during mid-day trading, a decline of 65% from the average session volume of 29,776 shares. The stock had previously closed at $36.33.

Fidelity Disruptive Automation ETF Stock Up 1.4%

The firm has a fifty day simple moving average of $35.08 and a 200-day simple moving average of $33.44. The company has a market cap of $184.15 million, a PE ratio of 29.47 and a beta of 1.22.

Fidelity Disruptive Automation ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a dividend of $0.097 per share. The ex-dividend date was Friday, December 19th. 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.

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

Several large investors have recently modified their holdings of the company. National Bank of Canada FI increased its holdings in shares of Fidelity Disruptive Automation ETF by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock valued at $18,016,000 after acquiring an additional 19,728 shares during the period. Envestnet Asset Management Inc. boosted its stake in Fidelity Disruptive Automation ETF by 7.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,020 shares of the company’s stock worth $2,789,000 after purchasing an additional 6,581 shares during the period. Jane Street Group LLC purchased a new position in Fidelity Disruptive Automation ETF during the 1st quarter worth $1,856,000. Flow Traders U.S. LLC purchased a new position in Fidelity Disruptive Automation ETF during the 2nd quarter worth $1,969,000. Finally, FSM Wealth Advisors LLC increased its stake in Fidelity Disruptive Automation ETF by 3.1% in the fourth quarter. FSM Wealth Advisors LLC now owns 49,744 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,499 shares during the period.

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.