Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Trading Up 1.3% – What’s Next?

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) shares shot up 1.3% on Friday . The stock traded as high as $35.30 and last traded at $35.26. 23,903 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 25,787 shares. The stock had previously closed at $34.82.

Fidelity Disruptive Automation ETF Stock Performance

The company’s fifty day moving average price is $33.08 and its 200-day moving average price is $32.30. The stock has a market cap of $176.30 million, a P/E ratio of 29.47 and a beta of 1.22.

Fidelity Disruptive Automation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a dividend of $0.097 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.1%. This is a boost from Fidelity Disruptive Automation ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in Fidelity Disruptive Automation ETF in the 3rd quarter valued at $273,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter worth $33,000. National Bank of Canada FI boosted its stake in shares of Fidelity Disruptive Automation ETF by 3.7% during the third quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock valued at $18,016,000 after purchasing an additional 19,728 shares during the period. AE Wealth Management LLC grew its holdings in shares of Fidelity Disruptive Automation ETF by 104.4% in the third quarter. AE Wealth Management LLC now owns 27,176 shares of the company’s stock worth $890,000 after purchasing an additional 13,878 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Fidelity Disruptive Automation ETF by 4.4% in the second quarter. MML Investors Services LLC now owns 37,173 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,560 shares during the last quarter.

About Fidelity Disruptive Automation ETF

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.