Fidelity Cloud Computing ETF (BATS:FCLD) Stock Falls 1% – Should You Sell?

Fidelity Cloud Computing ETF (BATS:FCLD) shares were down 1% during trading on Tuesday. The company traded as low as $38.34 and last traded at $38.90. Approximately 16,318 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 24,820 shares. The stock had previously closed at $39.29.

Fidelity Cloud Computing ETF Stock Down 0.5%

The stock has a 50-day simple moving average of $43.61 and a two-hundred day simple moving average of $36.74. The firm has a market cap of $140.31 million, a PE ratio of 23.70 and a beta of 1.30.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

Large investors have recently modified their holdings of the company. HighTower Advisors LLC bought a new position in Fidelity Cloud Computing ETF during the third quarter valued at approximately $291,000. Kestra Advisory Services LLC raised its stake in shares of Fidelity Cloud Computing ETF by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 22,454 shares of the company’s stock worth $1,005,000 after acquiring an additional 483 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Cloud Computing ETF in the 3rd quarter worth approximately $1,849,000. Root Financial Partners LLC bought a new stake in shares of Fidelity Cloud Computing ETF in the 3rd quarter worth approximately $111,000. Finally, Commonwealth Financial Services LLC bought a new stake in shares of Fidelity Cloud Computing ETF in the 3rd quarter worth approximately $832,000.

Fidelity Cloud Computing ETF Company Profile

The Fidelity Cloud Computing ETF (FCLD) is an exchange-traded fund that is based on the Fidelity Cloud Computing index, a market-cap-weighted index of global companies that provide products and\u002For services enabling increased usage of cloud computing. FCLD was launched on Oct 5, 2021 and is managed by Fidelity.