Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Trading Up 0.8% – What’s Next?

Fidelity Disruptive Automation ETF (NASDAQ:FBOT)’s share price was up 0.8% during mid-day trading on Friday . The company traded as high as $35.60 and last traded at $35.41. Approximately 18,204 shares changed hands during trading, a decline of 27% from the average daily volume of 25,094 shares. The stock had previously closed at $35.12.

Fidelity Disruptive Automation ETF Stock Up 0.8%

The business has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $34.06. The company has a market capitalization of $184.13 million, a price-to-earnings ratio of 29.47 and a beta of 1.24.

Fidelity Disruptive Automation ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, March 20th.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Institutional investors have recently modified their holdings of the company. Key Capital Management INC acquired a new position in shares of Fidelity Disruptive Automation ETF during the fourth quarter worth approximately $27,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Automation ETF during the third quarter worth approximately $33,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Automation ETF during the fourth quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec raised its position in shares of Fidelity Disruptive Automation ETF by 2,616.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock worth $72,000 after purchasing an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of Fidelity Disruptive Automation ETF during the third quarter worth approximately $273,000.

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.