Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Trading Down 3.9% – Here’s Why

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was down 3.9% on Friday . The company traded as low as $49.09 and last traded at $49.13. Approximately 8,870 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 9,424 shares. The stock had previously closed at $51.14.

Fidelity Disruptive Communications ETF Price Performance

The stock has a 50 day moving average price of $47.70 and a two-hundred day moving average price of $47.00. The firm has a market capitalization of $103.17 million, a price-to-earnings ratio of 26.94 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. VestGen Advisors LLC purchased a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at $276,000. Align Financial LLC purchased a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at $2,311,000. Key Capital Management INC purchased a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at $29,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at $44,000. Finally, BXM Wealth LLC purchased a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at $257,000.

Fidelity Disruptive Communications ETF Company Profile

The Fidelity Disruptive Communications ETF (FDCF) 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 companies tied with disruptive technologies in communications services. The fund invests in securities of domestic and foreign issuers FDCF was launched on Apr 16, 2020 and is managed by Fidelity.