Fidelity Disruptors ETF (NASDAQ:FDIF) Trading Down 0.4% – Here’s Why

Fidelity Disruptors ETF (NASDAQ:FDIF)’s stock price traded down 0.4% on Wednesday . The stock traded as low as $39.10 and last traded at $39.10. 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 Price Performance

The stock has a market capitalization of $107.33 million, a PE ratio of 27.66 and a beta of 1.25. The firm’s fifty day moving average is $37.59 and its 200-day moving average is $35.97.

Fidelity Disruptors ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th will be given a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, June 18th. This is a positive change from Fidelity Disruptors ETF’s previous quarterly dividend of $0.02.

Institutional Trading of Fidelity Disruptors ETF

Several hedge funds have recently modified their holdings of FDIF. Godfrey Financial Associates Inc. acquired a new position in Fidelity Disruptors ETF during the fourth quarter worth $36,000. Bank of Montreal Can lifted its holdings in Fidelity Disruptors ETF by 40.0% in the fourth quarter. Bank of Montreal Can now owns 1,924 shares of the company’s stock valued at $69,000 after acquiring an additional 550 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Disruptors ETF during the 4th quarter worth $75,000. Osaic Holdings Inc. boosted its position in shares of Fidelity Disruptors ETF by 340.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock worth $278,000 after purchasing an additional 6,364 shares in the last quarter. Finally, MFA Wealth Services grew its stake in shares of Fidelity Disruptors ETF by 2.7% during the 3rd quarter. MFA Wealth Services now owns 11,476 shares of the company’s stock worth $408,000 after purchasing an additional 298 shares during the period.

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.