Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Shares Up 1.5% – What’s Next?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shares shot up 1.5% on Wednesday . The company traded as high as $56.18 and last traded at $55.75. 38,958 shares were traded during mid-day trading, an increase of 11% from the average session volume of 35,004 shares. The stock had previously closed at $54.92.

Fidelity Disruptive Technology ETF Stock Performance

The company’s 50-day moving average price is $53.90 and its 200-day moving average price is $46.51. The firm has a market capitalization of $295.48 million, a PE ratio of 36.21 and a beta of 1.72.

Institutional Trading of Fidelity Disruptive Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Fidelity Disruptive Technology ETF by 693.0% during the second quarter. JPMorgan Chase & Co. now owns 94,815 shares of the company’s stock worth $3,699,000 after purchasing an additional 82,859 shares during the last quarter. Citadel Advisors LLC acquired a new position in Fidelity Disruptive Technology ETF in the third quarter valued at approximately $2,781,000. Flow Traders U.S. LLC purchased a new position in Fidelity Disruptive Technology ETF in the third quarter valued at approximately $1,912,000. Jane Street Group LLC increased its stake in Fidelity Disruptive Technology ETF by 545.6% in the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock valued at $1,450,000 after purchasing an additional 38,912 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Fidelity Disruptive Technology ETF during the third quarter worth approximately $421,000.

Fidelity Disruptive Technology ETF Company Profile

The Fidelity Disruptive Technology ETF (FDTX) 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 believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.