Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Stock Price Up 2.9% – Here’s Why

by · The Markets Daily

Shares of Fidelity Disruptive Finance ETF (NASDAQ:FDFF – Get Free Report) traded up 2.9% during mid-day trading on Thursday. The company traded as high as $35.64 and last traded at $35.64. Approximately 4,225 shares changed hands during trading, an increase of 14% from the average daily volume of 3,714 shares. The stock had previously closed at $34.62.

Fidelity Disruptive Finance ETF Stock Performance

The firm has a market cap of $42.42 million, a P/E ratio of 24.27 and a beta of 1.15. The company’s 50 day moving average is $36.32 and its 200 day moving average is $34.56.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were paid a $0.0640 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.1880.

Institutional Investors Weigh In On Fidelity Disruptive Finance ETF

A hedge fund recently raised its position in Fidelity Disruptive Finance ETF stock. POM Investment Strategies LLC increased its position in shares of Fidelity Disruptive Finance ETF (NASDAQ:FDFF – Free Report) by 119.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,240 shares of the company’s stock after acquiring an additional 10,480 shares during the period. Fidelity Disruptive Finance ETF comprises about 0.7% of POM Investment Strategies LLC’s portfolio, making the stock its 21st biggest position. POM Investment Strategies LLC owned about 1.60% of Fidelity Disruptive Finance ETF worth $637,000 at the end of the most recent reporting period.

About Fidelity Disruptive Finance ETF

(Get Free Report)

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.

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