Fmr LLC Decreases Stake in Fidelity Disruptive Communications ETF (NASDAQ:FDCF)

Fmr LLC reduced its holdings in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,881 shares of the company’s stock after selling 51,950 shares during the period. Fmr LLC owned approximately 0.37% of Fidelity Disruptive Communications ETF worth $19,389,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Davies Financial Advisors Inc. purchased a new position in Fidelity Disruptive Communications ETF during the third quarter worth about $256,000.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF stock opened at $39.13 on Wednesday. The firm’s 50-day moving average is $38.28 and its two-hundred day moving average is $36.06. Fidelity Disruptive Communications ETF has a 12 month low of $28.00 and a 12 month high of $40.56. The company has a market capitalization of $54.78 million, a PE ratio of 30.80 and a beta of 1.41.

Fidelity Disruptive Communications ETF 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.