Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Stock Jumps 1.3% – Here’s What Happened

Fidelity Disruptive Technology ETF (NASDAQ:FDTX)’s stock price was up 1.3% during trading on Monday. The company traded as high as $60.97 and last traded at $60.94. Approximately 84,677 shares changed hands during trading, an increase of 138% from the average daily volume of 35,507 shares. The stock had previously closed at $60.13.

Fidelity Disruptive Technology ETF Price Performance

The firm has a market cap of $319.19 million, a P/E ratio of 36.21 and a beta of 1.69. The stock’s 50 day moving average is $55.35 and its two-hundred day moving average is $51.16.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in Fidelity Disruptive Technology ETF in the second quarter valued at $91,000. Cetera Investment Advisers bought a new stake in shares of Fidelity Disruptive Technology ETF in the 1st quarter worth about $259,000. Finally, Citadel Advisors LLC grew its holdings in shares of Fidelity Disruptive Technology ETF by 14.4% in the 2nd quarter. Citadel Advisors LLC now owns 57,780 shares of the company’s stock worth $3,345,000 after purchasing an additional 7,277 shares during the last quarter.

Fidelity Disruptive Technology ETF Company 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.