Fidelity Disruptive Technology ETF (FDTX)
Fidelity Disruptive Technology ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $55.75, up 1.47% on the session, giving a market capitalisation of $204.7M. Its beta of 1.73 implies it has historically moved more than the broad market.
FDTX aims for long-term capital growth by utilizing Fidelitys disruptive strategies which identify global technology companies perceived to disrupt market conditions or displace incumbents over time. These companies are those that, in the adviser's opinion, are engaged in big data, machine learning, AI, cloud computing, cybersecurity, e-commerce and consumer technologies, rideshare, battery technology, and next-generation hardware. The portfolio is constructed using a fundamental analysis of factors like financial, market, and economic conditions, and industry positions. FDXT converted from a mutual fund called Fidelity Disruptive Technology Fund to an actively managed ETF structure starting with $104 million in net assets.
Fidelity Disruptive Technology ETF is most often compared with the following Financial Services names: