Fidelity Metaverse ETF (NASDAQ:FMET) Trading Up 1.5% – What’s Next?

Fidelity Metaverse ETF (NASDAQ:FMET) shares shot up 1.5% on Friday . The company traded as high as $38.42 and last traded at $38.42. 1,763 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 4,773 shares. The stock had previously closed at $37.84.

Fidelity Metaverse ETF Trading Up 1.5%

The stock has a market capitalization of $49.95 million, a P/E ratio of 23.47 and a beta of 1.18. The stock’s fifty day moving average price is $33.41 and its two-hundred day moving average price is $35.12.

Fidelity Metaverse ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were issued a $0.056 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, March 20th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

Institutional Investors Weigh In On Fidelity Metaverse ETF

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in shares of Fidelity Metaverse ETF by 252.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after acquiring an additional 2,837 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Fidelity Metaverse ETF by 28.4% in the 4th quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock worth $345,000 after acquiring an additional 2,113 shares during the last quarter. High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF in the 4th quarter worth approximately $288,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Metaverse ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after acquiring an additional 765 shares during the last quarter.

About Fidelity Metaverse ETF

The Fidelity Metaverse ETF (FMET) is an exchange-traded fund that is based on the Fidelity Metaverse index. The fund tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse. FMET was launched on Apr 19, 2022 and is managed by Fidelity.