Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Stock Price Up 3.3% – Here’s Why

Fidelity Disruptive Communications ETF (NASDAQ:FDCF)’s share price was up 3.3% during trading on Monday . The company traded as high as $49.24 and last traded at $49.24. Approximately 7,460 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 9,546 shares. The stock had previously closed at $47.65.

Fidelity Disruptive Communications ETF Price Performance

The company has a market capitalization of $106.13 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The stock’s fifty day simple moving average is $49.22 and its two-hundred day simple moving average is $47.28.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDCF. Cape Investment Advisory Inc. grew its holdings in shares of Fidelity Disruptive Communications ETF by 16.2% during the third quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock valued at $255,000 after purchasing an additional 718 shares during the last quarter. BXM Wealth LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $257,000. Align Financial LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $2,311,000. Jane Street Group LLC boosted its position 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 during the period. Finally, VestGen Advisors LLC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at approximately $276,000.

About Fidelity Disruptive Communications ETF

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.