Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Trading Up 0.7% – What’s Next?

Fidelity Disruptive Finance ETF (NASDAQ:FDFF)’s stock price rose 0.7% during mid-day trading on Thursday . The stock traded as high as $38.69 and last traded at $38.42. Approximately 4,279 shares traded hands during trading, a decline of 15% from the average daily volume of 5,013 shares. The stock had previously closed at $38.15.

Fidelity Disruptive Finance ETF Price Performance

The company has a 50 day moving average of $37.02 and a 200-day moving average of $36.52. The company has a market cap of $49.94 million, a P/E ratio of 22.71 and a beta of 1.42.

Fidelity Disruptive Finance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were given a dividend of $0.161 per share. This is an increase from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, June 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Fidelity Disruptive Finance ETF by 242.3% during the fourth quarter. Jane Street Group LLC now owns 62,044 shares of the company’s stock valued at $2,292,000 after purchasing an additional 43,916 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Fidelity Disruptive Finance ETF during the first quarter valued at about $563,000. Finally, Bank of America Corp DE purchased a new stake in Fidelity Disruptive Finance ETF during the fourth quarter valued at about $428,000.

About Fidelity Disruptive Finance ETF

The Fidelity Disruptive Finance ETF (FDFF) 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 disruptive finance companies. These are organizations in the finance industry that are pushing for innovative developments that may significantly alter the way they deliver their products and services FDFF was launched on Apr 16, 2020 and is managed by Fidelity.