Fidelity Disruptors ETF (NASDAQ:FDIF) Trading Down 0.3% – Here’s Why

Fidelity Disruptors ETF (NASDAQ:FDIF) shares were down 0.3% during mid-day trading on Monday . The stock traded as low as $38.64 and last traded at $38.64. Approximately 3,447 shares were traded during trading, a decline of 56% from the average session volume of 7,918 shares. The stock had previously closed at $38.75.

Fidelity Disruptors ETF Trading Down 0.3%

The stock has a fifty day moving average price of $39.00 and a 200 day moving average price of $36.57. The firm has a market cap of $100.46 million, a price-to-earnings ratio of 27.66 and a beta of 1.22.

Fidelity Disruptors ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a dividend of $0.034 per share. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from Fidelity Disruptors ETF’s previous quarterly dividend of $0.02. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%.

Hedge Funds Weigh In On Fidelity Disruptors ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Fidelity Disruptors ETF in the 2nd quarter worth $2,207,000. Sfmg LLC boosted its holdings in Fidelity Disruptors ETF by 3.8% during the fourth quarter. Sfmg LLC now owns 219,730 shares of the company’s stock valued at $7,868,000 after acquiring an additional 8,077 shares during the period. Osaic Holdings Inc. boosted its holdings in Fidelity Disruptors ETF by 340.7% during the second quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after acquiring an additional 6,364 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Disruptors ETF in the fourth quarter valued at about $75,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Fidelity Disruptors ETF in the fourth quarter valued at about $36,000.

About Fidelity Disruptors ETF

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.