Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Shares Up 0.8% – What’s Next?

Fidelity Disruptive Communications ETF (NASDAQ:FDCFGet Free Report) rose 0.8% during trading on Wednesday . The company traded as high as $50.11 and last traded at $50.11. 7,281 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 8,813 shares. The stock had previously closed at $49.70.

Fidelity Disruptive Communications ETF Stock Up 1.6%

The firm has a fifty day moving average price of $50.07 and a two-hundred day moving average price of $48.14. The stock has a market capitalization of $101.79 million, a P/E ratio of 26.94 and a beta of 1.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. POM Investment Strategies LLC raised its holdings in Fidelity Disruptive Communications ETF by 113.0% in the 2nd quarter. POM Investment Strategies LLC now owns 15,309 shares of the company’s stock worth $765,000 after acquiring an additional 8,123 shares during the last quarter. VestGen Advisors LLC purchased a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth $276,000. Align Financial LLC bought a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at $2,311,000. Advisory Services Network LLC bought a new position in shares of Fidelity Disruptive Communications ETF during the third quarter valued at $59,000. Finally, Jane Street Group LLC raised its position in Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after buying an additional 34,203 shares during the last quarter.

Fidelity Disruptive Communications ETF Company Profile

(Get Free Report)

The Fidelity Disruptive Communications ETF (FDCF) 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 companies tied with disruptive technologies in communications services. The fund invests in securities of domestic and foreign issuers FDCF was launched on Apr 16, 2020 and is managed by Fidelity.

Further Reading

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