Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Stock Price Down 3.9% – What’s Next?

Fidelity Disruptive Communications ETF (NASDAQ:FDCF)’s stock price fell 3.9% during trading on Friday . The company traded as low as $49.09 and last traded at $49.13. 8,870 shares changed hands during trading, a decline of 6% from the average session volume of 9,424 shares. The stock had previously closed at $51.14.

Fidelity Disruptive Communications ETF Trading Down 3.9%

The stock has a market capitalization of $103.17 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The stock has a 50-day moving average price of $47.70 and a 200 day moving average price of $47.00.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in shares of 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 valued at $3,507,000 after acquiring an additional 34,203 shares during the period. Align Financial LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $2,311,000. VestGen Advisors LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $276,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 3rd quarter valued at about $59,000. Finally, Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $29,000.

Fidelity Disruptive Communications ETF Company Profile

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.