Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Price Down 0.4% – Time to Sell?

Fidelity Disruptors ETF (NASDAQ:FDIF) shares dropped 0.4% on Wednesday . The stock traded as low as $39.10 and last traded at $39.10. Approximately 2,421 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 6,420 shares. The stock had previously closed at $39.27.

Fidelity Disruptors ETF Stock Down 0.4%

The company has a market capitalization of $105.57 million, a price-to-earnings ratio of 27.66 and a beta of 1.25. The company has a 50 day simple moving average of $37.47 and a 200 day simple moving average of $35.94.

Fidelity Disruptors ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.016 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.06 annualized dividend and a yield of 0.2%.

Institutional Investors Weigh In On Fidelity Disruptors ETF

Several institutional investors have recently bought and sold shares of FDIF. Jane Street Group LLC purchased a new stake in Fidelity Disruptors ETF during the 2nd quarter worth $2,207,000. Sfmg LLC raised its position in Fidelity Disruptors ETF by 3.8% in the fourth quarter. Sfmg LLC now owns 219,730 shares of the company’s stock valued at $7,868,000 after purchasing an additional 8,077 shares during the period. Osaic Holdings Inc. raised its position in Fidelity Disruptors ETF by 340.7% in the second quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after purchasing an additional 6,364 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Disruptors ETF during the fourth quarter worth about $75,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Fidelity Disruptors ETF during the fourth quarter worth about $36,000.

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.