Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) Stock Price Down 0.3% – Time to Sell?

Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG)’s share price dropped 0.3% during mid-day trading on Friday . The company traded as low as $41.21 and last traded at $41.88. Approximately 18,993 shares traded hands during trading, a decline of 60% from the average session volume of 47,021 shares. The stock had previously closed at $41.99.

Fidelity Crypto Industry and Digital Payments ETF Trading Down 0.3%

The stock has a fifty day simple moving average of $42.51 and a two-hundred day simple moving average of $40.22. The company has a market cap of $255.47 million, a PE ratio of 19.69 and a beta of 3.00.

Fidelity Crypto Industry and Digital Payments ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.153 per share. This is a boost from Fidelity Crypto Industry and Digital Payments ETF’s previous quarterly dividend of $0.03. This represents a $0.61 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 18th.

Institutional Investors Weigh In On Fidelity Crypto Industry and Digital Payments ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Fidelity Crypto Industry and Digital Payments ETF in the 4th quarter valued at about $27,000. Birchwood Financial Partners Inc. purchased a new stake in Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $34,000. Advisory Services Network LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the third quarter worth about $129,000. U.S. Capital Wealth Advisors LLC acquired a new position in Fidelity Crypto Industry and Digital Payments ETF during the fourth quarter worth about $202,000. Finally, Bank of America Corp DE purchased a new position in Fidelity Crypto Industry and Digital Payments ETF in the second quarter valued at about $222,000.

Fidelity Crypto Industry and Digital Payments ETF Company Profile

The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies related to cryptocurrency, blockchain technology, and digital payments processing, selected based on revenue derived from the relevant themes, and weighted by average daily trading volume. FDIG was launched on Apr 19, 2022 and is managed by Fidelity.