Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Trading Up 0.4% – Here’s What Happened

Shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) shot up 0.4% during mid-day trading on Monday . The company traded as high as $40.84 and last traded at $40.68. 8,385 shares changed hands during trading, a decline of 63% from the average session volume of 22,579 shares. The stock had previously closed at $40.51.

Fidelity Disruptive Automation ETF Stock Performance

The firm has a market cap of $223.74 million, a P/E ratio of 29.47 and a beta of 1.29. The company’s 50 day moving average is $38.50 and its 200 day moving average is $37.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FBOT. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 3rd quarter valued at $33,000. Federation des caisses Desjardins du Quebec increased its holdings in Fidelity Disruptive Automation ETF by 2,616.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock worth $72,000 after purchasing an additional 2,067 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Fidelity Disruptive Automation ETF in the third quarter valued at about $273,000. Cetera Investment Advisers bought a new position in Fidelity Disruptive Automation ETF in the fourth quarter valued at about $488,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the first quarter valued at about $828,000.

Fidelity Disruptive Automation ETF Company Profile

The Fidelity Disruptive Automation ETF (FBOT) 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 thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.