Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Shares Down 0.2% – Should You Sell?

Shares of Fidelity Disruptive Finance ETF (NASDAQ:FDFF) fell 0.2% on Friday. The stock traded as low as $36.27 and last traded at $36.34. Approximately 2,011 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 6,105 shares. The stock had previously closed at $36.41.

Fidelity Disruptive Finance ETF Trading Down 0.2%

The stock has a market cap of $43.61 million, a P/E ratio of 21.70 and a beta of 1.12. The stock’s 50-day moving average is $35.84 and its 200-day moving average is $34.29.

Fidelity Disruptive Finance ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. This is a decrease from Fidelity Disruptive Finance ETF’s previous quarterly dividend of $0.1880.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in Fidelity Disruptive Finance ETF by 123.5% during the second quarter. Citadel Advisors LLC now owns 31,845 shares of the company’s stock worth $1,054,000 after purchasing an additional 17,596 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Fidelity Disruptive Finance ETF in the third quarter worth approximately $390,000. Finally, POM Investment Strategies LLC lifted its position in Fidelity Disruptive Finance ETF by 119.6% in the second quarter. POM Investment Strategies LLC now owns 19,240 shares of the company’s stock worth $637,000 after purchasing an additional 10,480 shares during the period.

About Fidelity Disruptive Finance ETF

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.