Grimes & Company Inc. Makes New Investment in Fidelity MSCI Consumer Discretionary Index ETF $FDIS

Grimes & Company Inc. acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,959 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds have also added to or reduced their stakes in FDIS. Dagco Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the first quarter worth about $30,000. Signature Resources Capital Management LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the second quarter worth about $48,000. MAI Capital Management increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 17.3% in the first quarter. MAI Capital Management now owns 881 shares of the company’s stock worth $74,000 after purchasing an additional 130 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 18.0% in the first quarter. Capital Investment Advisory Services LLC now owns 1,625 shares of the company’s stock worth $137,000 after purchasing an additional 248 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 142.5% in the first quarter. Blue Trust Inc. now owns 2,379 shares of the company’s stock worth $201,000 after purchasing an additional 1,398 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 1.7%

FDIS opened at $100.94 on Wednesday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25. The firm has a 50-day moving average price of $100.35 and a 200-day moving average price of $93.31. Fidelity MSCI Consumer Discretionary Index ETF has a twelve month low of $74.00 and a twelve month high of $104.75.

About Fidelity MSCI Consumer Discretionary Index ETF

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.