Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Down 0.1% – What’s Next?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shares fell 0.1% on Thursday . The company traded as low as $38.31 and last traded at $38.92. 11,254 shares traded hands during trading, a decline of 41% from the average session volume of 19,115 shares. The stock had previously closed at $38.94.

Fidelity Disruptive Technology ETF Stock Down 0.1%

The company has a market cap of $182.92 million, a P/E ratio of 36.21 and a beta of 1.52. The company has a fifty day moving average of $40.00 and a 200 day moving average of $40.27.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Fidelity Disruptive Technology ETF during the fourth quarter valued at approximately $31,000. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Disruptive Technology ETF during the 3rd quarter worth $34,000. High Point Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the 4th quarter valued at $41,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $45,000 after purchasing an additional 956 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF in the 4th quarter worth $205,000.

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. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.