Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Trading Up 0.8% – Here’s What Happened

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) shares traded up 0.8% during trading on Wednesday . The stock traded as high as $50.11 and last traded at $50.11. Approximately 7,281 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 8,813 shares. The stock had previously closed at $49.70.

Fidelity Disruptive Communications ETF Trading Up 0.8%

The business has a 50-day moving average of $50.01 and a 200 day moving average of $48.10. The firm has a market capitalization of $100.22 million, a P/E ratio of 26.94 and a beta of 1.21.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of institutional investors have recently modified their holdings of FDCF. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the third quarter worth approximately $59,000. VestGen Advisors LLC acquired a new stake in Fidelity Disruptive Communications ETF in the 4th quarter valued at $276,000. POM Investment Strategies LLC increased its stake in Fidelity Disruptive Communications ETF by 113.0% during the 2nd quarter. POM Investment Strategies LLC now owns 15,309 shares of the company’s stock valued at $765,000 after purchasing an additional 8,123 shares in the last quarter. Jane Street Group LLC increased its stake in 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 purchasing an additional 34,203 shares in the last quarter. Finally, Align Financial LLC acquired a new position in Fidelity Disruptive Communications ETF during the fourth quarter worth $2,311,000.

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.