Fidelity Metaverse ETF (FMET) To Go Ex-Dividend on June 18th

Fidelity Metaverse ETF (NASDAQ:FMET) declared a quarterly dividend on Thursday, June 18th, NASDAQ Dividends reports. Investors of record on Thursday, June 18th will be given a dividend of 0.067 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, June 18th. This is a 19.6% increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06.

Fidelity Metaverse ETF Stock Performance

FMET opened at $37.61 on Friday. The stock has a market capitalization of $48.89 million, a price-to-earnings ratio of 23.47 and a beta of 1.19. The company has a fifty day moving average of $37.09 and a 200 day moving average of $35.38. Fidelity Metaverse ETF has a fifty-two week low of $30.14 and a fifty-two week high of $40.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FMET. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Metaverse ETF by 11.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after purchasing an additional 765 shares during the last quarter. High Point Wealth Management LLC bought a new position in Fidelity Metaverse ETF during the fourth quarter valued at approximately $288,000. Jane Street Group LLC boosted its stake in Fidelity Metaverse ETF by 28.4% during the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock valued at $345,000 after buying an additional 2,113 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Fidelity Metaverse ETF by 252.9% during 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.

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.