Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading 4% Higher – Time to Buy?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shares were up 4% on Tuesday . The company traded as high as $52.85 and last traded at $52.65. 78,321 shares were traded during mid-day trading, an increase of 130% from the average daily volume of 34,012 shares. The stock had previously closed at $50.64.

Fidelity Disruptive Technology ETF Stock Up 4.0%

The business’s 50-day moving average price is $53.83 and its 200-day moving average price is $45.27. The firm has a market capitalization of $279.05 million, a PE ratio of 36.21 and a beta of 1.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FDTX. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Disruptive Technology ETF by 693.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock valued at $3,699,000 after buying an additional 82,859 shares during the period. BXM Wealth LLC increased its stake in shares of Fidelity Disruptive Technology ETF by 254.6% in the fourth quarter. BXM Wealth LLC now owns 74,928 shares of the company’s stock worth $3,053,000 after acquiring an additional 53,798 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the third quarter worth $2,781,000. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Disruptive Technology ETF by 6.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 55,321 shares of the company’s stock worth $2,254,000 after acquiring an additional 3,307 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF during the third quarter worth $1,912,000.

Fidelity Disruptive Technology ETF Company Profile

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.