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Fidelity Disruptive Finance ETF hits 3-year milestone
The fund launched June 12, 2023, and has returned 8.7% over the past month, pushing its price above its 50 and 200-day moving averages.
ETF Trends highlights Fidelity Disruptive Finance ETF (FDFF) reaching an important three-year milestone last month, after launching on June 12, 2023.
The outlet says the milestone matters because funds that establish three-year track records often get added to major brokerages and gain visibility with more investors.
ETF Trends also points to performance momentum, noting FDFF returned 8.7% over the last month, based on YCharts data, and that its price has risen above both its 50 and 200-day Simple Moving Averages.
FDFF is described as charging a 50 basis point fee and investing in growth and value stocks of disruptive finance firms globally, including areas such as digital payments and AI-enabled underwriting.