Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Fidelity Disruptors ETF (NASDAQ:FDIF – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $38.24 and traded as high as $38.88. Fidelity Disruptors ETF shares last traded at $38.85, with a volume of 18,443 shares trading hands.

Fidelity Disruptors ETF Trading Up 2.2%

The firm has a 50-day simple moving average of $41.02 and a two-hundred day simple moving average of $38.24. The company has a market capitalization of $93.24 million, a price-to-earnings ratio of 27.24 and a beta of 1.26.

Fidelity Disruptors ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 18th. This is a negative change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340.

Hedge Funds Weigh In On Fidelity Disruptors ETF

Hedge funds have recently added to or reduced their stakes in the company. MFA Wealth Services increased its position in Fidelity Disruptors ETF by 4.5% during the third quarter. MFA Wealth Services now owns 12,229 shares of the company’s stock worth $510,000 after buying an additional 525 shares during the last quarter. Citadel Advisors LLC raised its holdings in Fidelity Disruptors ETF by 17.7% during the second quarter. Citadel Advisors LLC now owns 10,568 shares of the company’s stock valued at $428,000 after buying an additional 1,591 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Disruptors ETF in the third quarter worth about $675,000.

About Fidelity Disruptors ETF

(Get Free Report)

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.

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