Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $53.18 and traded as low as $52.48. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.54, with a volume of 94,013 shares.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The stock has a fifty day moving average price of $53.20 and a 200-day moving average price of $52.87. The company has a market cap of $1.42 billion, a PE ratio of 22.37 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 8.3% during the first quarter. Bank of America Corp DE now owns 67,707 shares of the exchange traded fund’s stock worth $3,543,000 after purchasing an additional 5,205 shares during the period. Arkadios Wealth Advisors lifted its position in Fidelity MSCI Consumer Staples Index ETF by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 70,811 shares of the exchange traded fund’s stock worth $3,706,000 after buying an additional 3,293 shares in the last quarter. Talon Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 1st quarter valued at $247,000. Quantinno Capital Management LP boosted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 24.9% during the 1st quarter. Quantinno Capital Management LP now owns 5,821 shares of the exchange traded fund’s stock valued at $305,000 after buying an additional 1,162 shares during the period. Finally, Lido Advisors LLC grew its holdings 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 valued at $71,104,000 after acquiring an additional 16,876 shares in the last quarter.

About Fidelity MSCI Consumer Staples Index ETF

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.