Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Stock Price Up 0.1% – Should You Buy?

Fidelity Disruptive Communications ETF (NASDAQ:FDCF)’s share price was up 0.1% on Monday . The company traded as high as $48.14 and last traded at $47.84. Approximately 17,893 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 11,850 shares. The stock had previously closed at $47.80.

Fidelity Disruptive Communications ETF Stock Up 0.1%

The company has a market capitalization of $100.46 million, a P/E ratio of 26.94 and a beta of 1.19. The company has a 50 day simple moving average of $47.92 and a two-hundred day simple moving average of $46.06.

Institutional Trading of Fidelity Disruptive Communications ETF

A number of institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the second quarter valued at about $457,000. Jane Street Group LLC grew its position in Fidelity Disruptive Communications ETF by 56.0% during the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after purchasing an additional 34,203 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Fidelity Disruptive Communications ETF during the 3rd quarter worth approximately $59,000. Finally, Cape Investment Advisory Inc. increased its stake in Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after purchasing an additional 425 shares in the last quarter.

About Fidelity Disruptive Communications ETF

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.