BXM Wealth LLC Sells 49,088 Shares of Fidelity Disruptive Technology ETF $FDTX

BXM Wealth LLC trimmed its position in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) by 65.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,840 shares of the company’s stock after selling 49,088 shares during the period. BXM Wealth LLC’s holdings in Fidelity Disruptive Technology ETF were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FDTX. Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth $31,000. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter valued at about $34,000. High Point Wealth Management LLC acquired a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $45,000 after acquiring an additional 956 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Fidelity Disruptive Technology ETF during the fourth quarter worth about $205,000.

Fidelity Disruptive Technology ETF Stock Performance

NASDAQ:FDTX opened at $56.73 on Tuesday. Fidelity Disruptive Technology ETF has a 52 week low of $34.84 and a 52 week high of $62.47. The firm’s 50-day simple moving average is $51.51 and its 200 day simple moving average is $43.82. The firm has a market cap of $266.63 million, a price-to-earnings ratio of 36.21 and a beta of 1.73.

Fidelity Disruptive Technology ETF Profile

The Fidelity Disruptive Technology ETF (FDTX) 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 innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.