Fidelity Metaverse ETF (NASDAQ:FMET – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $38.58 and traded as high as $38.84. Fidelity Metaverse ETF shares last traded at $38.63, with a volume of 12,091 shares trading hands.
Fidelity Metaverse ETF Trading Up 2.2%
The firm has a 50-day moving average of $38.58 and a 200 day moving average of $36.57. The stock has a market capitalization of $42.49 million, a price-to-earnings ratio of 20.30 and a beta of 1.21.
Fidelity Metaverse ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were paid a dividend of $0.1080 per share. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.0670. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.43 annualized dividend and a yield of 1.1%.
Hedge Funds Weigh In On Fidelity Metaverse ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMET. Citadel Advisors LLC increased its position in shares of Fidelity Metaverse ETF by 47.3% during the second quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock worth $2,516,000 after acquiring an additional 21,950 shares during the last quarter. Community Bank & Trust Waco Texas acquired a new stake in Fidelity Metaverse ETF during the 2nd quarter valued at approximately $197,000. Nwam LLC acquired a new stake in Fidelity Metaverse ETF during the 2nd quarter valued at approximately $188,000. Finally, Trust Co. of Vermont acquired a new stake in Fidelity Metaverse ETF during the 2nd quarter valued at approximately $121,000.
Fidelity Metaverse ETF Company Profile
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.
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