Fidelity Metaverse ETF (NASDAQ:FMET) Trading Down 0.4% – What’s Next?

Shares of Fidelity Metaverse ETF (NASDAQ:FMET) fell 0.4% on Tuesday . The company traded as low as $38.36 and last traded at $38.4310. 366 shares traded hands during trading, a decline of 91% from the average session volume of 4,251 shares. The stock had previously closed at $38.57.

Fidelity Metaverse ETF Trading Down 0.4%

The business has a 50 day moving average of $37.90 and a two-hundred day moving average of $36.18. The firm has a market cap of $45.68 million, a P/E ratio of 23.47 and a beta of 1.21.

Fidelity Metaverse ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a dividend of $0.067 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Citadel Advisors LLC grew its position in shares of Fidelity Metaverse ETF by 47.3% in the second quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock valued at $2,516,000 after purchasing an additional 21,950 shares during the last quarter. Jane Street Group LLC boosted its stake in Fidelity Metaverse ETF by 28.4% in the 4th quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock valued at $345,000 after purchasing an additional 2,113 shares during the period. Nwam LLC bought a new stake in Fidelity Metaverse ETF in the 2nd quarter valued at $188,000. Osaic Holdings Inc. grew its holdings in Fidelity Metaverse ETF by 252.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after buying an additional 2,837 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Fidelity Metaverse ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock valued at $281,000 after buying an additional 765 shares in 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.