Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Shares Cross Above 200-Day Moving Average – Here’s Why

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.50 and traded as high as $37.72. Fidelity Disruptive Automation ETF shares last traded at $37.53, with a volume of 16,649 shares trading hands.

Fidelity Disruptive Automation ETF Price Performance

The company has a market cap of $210.43 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. The firm’s 50 day simple moving average is $38.78 and its 200-day simple moving average is $37.54.

Fidelity Disruptive Automation ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were given a dividend of $0.0280 per share. The ex-dividend date was Friday, September 18th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FBOT. North Star Investment Management Corp. purchased a new stake in Fidelity Disruptive Automation ETF in the third quarter valued at approximately $29,000. Cetera Investment Advisers grew its position in shares of Fidelity Disruptive Automation ETF by 21.0% during the first quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock worth $587,000 after acquiring an additional 3,077 shares during the last quarter. POM Investment Strategies LLC grew its position in shares of Fidelity Disruptive Automation ETF by 112.0% during the second quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock worth $676,000 after acquiring an additional 9,024 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in shares of Fidelity Disruptive Automation ETF in the 1st quarter valued at $828,000.

About Fidelity Disruptive Automation ETF

The Fidelity Disruptive Automation ETF (FBOT) 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 thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.