Fidelity Disruptors ETF (NASDAQ:FDIF) Stock Price Up 1.4% – Here’s Why

Fidelity Disruptors ETF (NASDAQ:FDIF)’s stock price traded up 1.4% on Thursday . The stock traded as high as $41.62 and last traded at $41.60. Approximately 5,469 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 7,200 shares. The stock had previously closed at $41.02.

Fidelity Disruptors ETF Stock Up 0.0%

The stock has a market cap of $108.18 million, a price-to-earnings ratio of 27.66 and a beta of 1.25. The company has a 50 day simple moving average of $40.35 and a 200 day simple moving average of $37.66.

Fidelity Disruptors ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.034 per share. This is a boost from Fidelity Disruptors ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.14 annualized dividend and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FDIF. Sfmg LLC increased its holdings in Fidelity Disruptors ETF by 3.8% in the 4th quarter. Sfmg LLC now owns 219,730 shares of the company’s stock worth $7,868,000 after purchasing an additional 8,077 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Fidelity Disruptors ETF in the 2nd quarter worth approximately $2,207,000. Commonwealth Equity Services LLC boosted its position in Fidelity Disruptors ETF by 5.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,942 shares of the company’s stock valued at $428,000 after acquiring an additional 579 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Fidelity Disruptors ETF by 17.7% during the 2nd quarter. Citadel Advisors LLC now owns 10,568 shares of the company’s stock worth $428,000 after buying an additional 1,591 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Fidelity Disruptors ETF by 340.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,232 shares of the company’s stock valued at $278,000 after acquiring an additional 6,364 shares in the last quarter.

Fidelity Disruptors ETF Company Profile

The Fidelity Disruptors ETF (FDIF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that holds a suite of global Fidelity ETFs, all of which are tied with disruptive technologies in automation, communications, finance, medicine, and technology. FDIF was launched on Apr 16, 2020 and is managed by Fidelity.