Fidelity Disruptive Finance ETF (NASDAQ:FDFF) Stock Price Down 3.6% – Time to Sell?

Fidelity Disruptive Finance ETF (NASDAQ:FDFF)’s stock price fell 3.6% during trading on Monday . The stock traded as low as $33.56 and last traded at $33.85. 6,124 shares changed hands during trading, an increase of 62% from the average session volume of 3,790 shares. The stock had previously closed at $35.10.

Fidelity Disruptive Finance ETF Stock Performance

The company has a market cap of $44.00 million, a price-to-earnings ratio of 22.46 and a beta of 1.04. The firm’s 50-day moving average price is $37.61 and its 200 day moving average price is $36.09.

Fidelity Disruptive Finance ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Friday, December 20th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Disruptive Finance ETF stock. Bank of America Corp DE acquired a new stake in shares of Fidelity Disruptive Finance ETF (NASDAQ:FDFF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,600 shares of the company’s stock, valued at approximately $428,000. Bank of America Corp DE owned 0.89% of Fidelity Disruptive Finance ETF as of its most recent filing with the Securities & Exchange Commission.

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.