Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Up 2% – What’s Next?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX)’s share price was up 2% on Wednesday . The stock traded as high as $35.99 and last traded at $35.79. Approximately 12,623 shares were traded during trading, a decline of 25% from the average daily volume of 16,880 shares. The stock had previously closed at $35.10.

Fidelity Disruptive Technology ETF Stock Performance

The stock has a market cap of $164.63 million, a P/E ratio of 39.22 and a beta of 1.67. The company has a 50-day simple moving average of $36.04 and a 200-day simple moving average of $33.66.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

An institutional investor recently bought a new position in Fidelity Disruptive Technology ETF stock. Dana Investment Advisors Inc. acquired a new stake in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,908 shares of the company’s stock, valued at approximately $230,000. Dana Investment Advisors Inc. owned approximately 0.14% of Fidelity Disruptive Technology ETF as of its most recent SEC filing.

About Fidelity Disruptive Technology ETF

The Fidelity Disruptive Technology ETF (FDTX) 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 innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI.