Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Up 2% – Should You Buy?

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shares shot up 2% during trading on Wednesday . The stock traded as high as $35.99 and last traded at $35.79. 12,623 shares were traded during trading, a decline of 25% from the average session volume of 16,880 shares. The stock had previously closed at $35.10.

Fidelity Disruptive Technology ETF Trading Up 0.8 %

The company has a 50 day simple moving average of $36.07 and a 200 day simple moving average of $33.70. The stock has a market capitalization of $166.47 million, a PE ratio of 39.22 and a beta of 1.67.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Technology ETF stock. Dana Investment Advisors Inc. acquired a new position in shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,908 shares of the company’s stock, valued at approximately $230,000. Dana Investment Advisors Inc. owned about 0.14% of Fidelity Disruptive Technology ETF as of its most recent filing with the SEC.

About Fidelity Disruptive Technology ETF

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.