Northwestern Mutual Wealth Management Co. Cuts Stock Holdings in Fidelity MSCI Consumer Discretionary Index ETF $FDIS

Northwestern Mutual Wealth Management Co. decreased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,800 shares of the company’s stock after selling 33,531 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.31% of Fidelity MSCI Consumer Discretionary Index ETF worth $5,803,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after buying an additional 159 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. Allworth Financial LP boosted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 102.0% during the fourth quarter. Allworth Financial LP now owns 495 shares of the company’s stock valued at $51,000 after buying an additional 250 shares during the last quarter. Finally, WealthShield Partners LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $56,000.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 0.7%

Shares of NYSEARCA:FDIS opened at $101.29 on Thursday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25. Fidelity MSCI Consumer Discretionary Index ETF has a 12-month low of $89.95 and a 12-month high of $107.45. The business’s 50 day moving average is $99.62 and its 200 day moving average is $100.68.

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.