Fidelity Disruptive Technology ETF (FDTX)
- Previous Close
33.39 - Open
33.39 - Bid 23.95 x 100
- Ask 42.61 x 100
- Day's Range
33.08 - 33.39 - 52 Week Range
22.25 - 34.62 - Volume
8,401 - Avg. Volume
21,383 - Net Assets 152.99M
- NAV 33.44
- PE Ratio (TTM) --
- Yield 0.00%
- YTD Daily Total Return 17.12%
- Beta (5Y Monthly) 1.46
- Expense Ratio (net) 0.50%
The fund normally invests at least 80% of assets in securities of disruptive technology companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.
Fidelity Investments
Fund Family
Technology
Fund Category
152.99M
Net Assets
2020-04-16
Inception Date
Performance Overview: FDTX
View MoreTrailing returns as of 10/15/2024. Category is Technology.
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Holdings: FDTX
View MoreTop 10 Holdings (46.68% of Total Assets)
Sector Weightings
Related ETF News
View MoreResearch Reports: FDTX
View MoreFourth Quarter Typically Positive for Stocks
In theory, investors can breathe easier heading into the fourth quarter, when markets typically post the strongest returns of the year. To draw this conclusion, we analyzed data collected on S&P 500 performance from 1980-2022. By our calculations, the quarter has generated average gains of 4.8%, compared to gains of 2.3%, 2.9%, and 0.4% for 1Q, 2Q, and 3Q, respectively. The fourth quarter is consistent as well, with a "win percentage" of 82%. This means that stock returns are positive in the quarter four years out of five, and compares to winning percentages of 67% in 1Q and 2Q and 62% in 3Q. But to be fair, the 4Q has posted its share of clunkers. In 1987, which included Black Friday, stocks fell 23% during the period; while in 2008 they sold off 18%, after the collapse of Lehman Brothers and as the U.S. economy plunged into a deep recession. As recently as 2018, stocks slid 14% in the final quarter when trade wars intensified and the Federal Reserve raised rates. But last year, when stocks were still in the early stages of the current bull market, 4Q performance was outstanding (up 12%). This year, it is not unreasonable to expect a slow start, given concerns over inflation, a potential economic slowdown, and the upcoming presidential election. Even so, we expect 2024 to be a positive year for stock returns. Our bull-case scenario forecast for year-end S&P 500, published in July, was 6,000.
Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover
In this edition, trucking sector keeps on trucking; soft landing in sight for US economic outlook; a world of possibilities for Universal Music Group; and Accenture Plc, Koninklijke Philips NV, and Smartsheet.
Accelerating AI momentum
Based in Dublin, Ireland, Accenture is a global management consulting, technology services and outsourcing company. The two main lines of business are consulting and outsourcing. The company is also organized along five key industry verticals served, including Communications, Media & Technology; Financial Services; Products; Health & Public Service; and Resources. In FY23, approximately 47% of revenue was generated in the Americas, 33% in EMEA, and 20% in growth markets.
RatingPrice TargetShares rally on AI optimism
Based in Dublin, Ireland, Accenture is a global management consulting, technology services and outsourcing company. The two main lines of business are consulting and outsourcing. The company is also organized along five key industry verticals served, including Communications, Media & Technology; Financial Services; Products; Health & Public Service; and Resources. In FY23, approximately 47% of revenue was generated in the Americas, 33% in EMEA, and 20% in growth markets.
RatingPrice Target