Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Shares Up 3.3% – Time to Buy?

Shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) shot up 3.3% during mid-day trading on Monday . The company traded as high as $49.24 and last traded at $49.24. Approximately 7,460 shares traded hands during trading, a decline of 22% from the average daily volume of 9,546 shares. The stock had previously closed at $47.65.

Fidelity Disruptive Communications ETF Stock Performance

The stock has a market capitalization of $103.40 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The company’s 50 day moving average is $49.18 and its 200 day moving average is $47.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDCF. VestGen Advisors LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at about $276,000. Align Financial LLC acquired a new stake in Fidelity Disruptive Communications ETF during the fourth quarter worth about $2,311,000. Key Capital Management INC acquired a new stake in Fidelity Disruptive Communications ETF during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. acquired a new stake in Fidelity Disruptive Communications ETF during the fourth quarter worth about $44,000. Finally, BXM Wealth LLC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter valued at about $257,000.

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.