Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Jumps 1.7% – Time to Buy?

Fidelity Disruptors ETF (NASDAQ:FDIF) rose 1.7% during trading on Friday. The stock traded as high as $42.38 and last traded at $42.3750. Approximately 1,750 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 6,710 shares. The stock had previously closed at $41.68.

Fidelity Disruptors ETF Stock Up 1.7%

The firm’s 50 day simple moving average is $41.46 and its 200 day simple moving average is $38.92. The company has a market cap of $110.17 million, a price-to-earnings ratio of 27.66 and a beta of 1.24.

Fidelity Disruptors ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were given a dividend of $0.02 per share. This is a drop from Fidelity Disruptors ETF’s previous quarterly dividend of $0.0340. This represents a $0.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 18th.

Hedge Funds Weigh In On Fidelity Disruptors ETF

A hedge fund recently raised its stake in Fidelity Disruptors ETF stock. Citadel Advisors LLC lifted its stake in shares of Fidelity Disruptors ETF (NASDAQ:FDIF) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,568 shares of the company’s stock after purchasing an additional 1,591 shares during the quarter. Citadel Advisors LLC owned about 0.41% of Fidelity Disruptors ETF worth $428,000 at the end of the most recent reporting period.

About Fidelity Disruptors ETF

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.