Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $53.47 and traded as high as $54.04. Fidelity MSCI Consumer Staples Index ETF shares last traded at $54.04, with a volume of 108,752 shares changing hands.

Fidelity MSCI Consumer Staples Index ETF Stock Up 0.7%

The company’s 50-day moving average is $53.47 and its two-hundred day moving average is $53.60. The company has a market capitalization of $1.43 billion, a P/E ratio of 22.37 and a beta of 0.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSTA. Charles Schwab Investment Management Inc. raised its position in Fidelity MSCI Consumer Staples Index ETF by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock valued at $125,117,000 after purchasing an additional 167,871 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 1,658.1% during the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock valued at $6,484,000 after purchasing an additional 122,700 shares during the last quarter. Bellwether Advisors LLC purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 1st quarter valued at about $5,798,000. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter worth approximately $4,858,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Fidelity MSCI Consumer Staples Index ETF in the third quarter worth approximately $4,679,000.

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.