Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Shares Up 0.8% – Here’s Why

Fidelity Disruptive Communications ETF (NASDAQ:FDCF – Get Free Report) shares traded up 0.8% during trading on Thursday. The company traded as high as $51.71 and last traded at $51.69. 4,512 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 8,174 shares. The stock had previously closed at $51.27.

Fidelity Disruptive Communications ETF Stock Performance

The stock has a market capitalization of $100.68 million, a P/E ratio of 26.94 and a beta of 1.21. The company’s fifty day simple moving average is $51.21 and its two-hundred day simple moving average is $49.57.

Institutional Trading of Fidelity Disruptive Communications ETF

A hedge fund recently raised its stake in Fidelity Disruptive Communications ETF stock. POM Investment Strategies LLC grew its position in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF – Free Report) by 113.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,309 shares of the company’s stock after buying an additional 8,123 shares during the period. Fidelity Disruptive Communications ETF makes up 0.9% of POM Investment Strategies LLC’s holdings, making the stock its 18th biggest position. POM Investment Strategies LLC owned 0.77% of Fidelity Disruptive Communications ETF worth $765,000 at the end of the most recent 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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