Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $52.96 and traded as low as $52.48. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.98, with a volume of 114,860 shares trading hands.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The company has a market capitalization of $1.41 billion, a P/E ratio of 22.37 and a beta of 0.50. The stock has a 50 day moving average price of $52.96 and a 200 day moving average price of $52.46.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after purchasing an additional 167,871 shares during the period. Lido Advisors LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock worth $71,104,000 after purchasing an additional 16,876 shares during the period. LPL Financial LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 6.5% during the 4th quarter. LPL Financial LLC now owns 524,438 shares of the exchange traded fund’s stock worth $25,797,000 after purchasing an additional 31,965 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 4.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 403,858 shares of the exchange traded fund’s stock worth $19,866,000 after purchasing an additional 17,373 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 60.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock worth $18,093,000 after purchasing an additional 137,407 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.