Fernwood Investment Management LLC Makes New Investment in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS)

Fernwood Investment Management LLC acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,671 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter valued at about $43,000. Signaturefd LLC grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 27.8% during the fourth quarter. Signaturefd LLC now owns 606 shares of the company’s stock worth $48,000 after buying an additional 132 shares in the last quarter. Citigroup Inc. increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 20.7% during the 3rd quarter. Citigroup Inc. now owns 1,361 shares of the company’s stock worth $95,000 after acquiring an additional 233 shares during the period. Advisors Preferred LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter valued at $169,000. Finally, NBC Securities Inc. bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter valued at $198,000.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

FDIS traded down $0.96 on Tuesday, hitting $78.97. 12,950 shares of the stock were exchanged, compared to its average volume of 81,207. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 25.19 and a beta of 1.30. Fidelity MSCI Consumer Discretionary Index ETF has a 12 month low of $63.20 and a 12 month high of $82.82. The business has a 50-day moving average of $80.09 and a two-hundred day moving average of $76.63.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.