Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw unusually-high trading volume on Thursday . 595,470 shares changed hands during mid-day trading, an increase of 256% from the previous session’s volume of 167,365 shares.The stock last traded at $51.7890 and had previously closed at $52.01.

Fidelity MSCI Consumer Staples Index ETF Stock Down 0.7%

The firm has a fifty day moving average of $53.44 and a 200-day moving average of $53.16. The firm has a market cap of $1.36 billion, a P/E ratio of 22.37 and a beta of 0.49.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 1.3% in 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 during the period. Fischer Financial Services Inc. lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 1.2% in the 1st quarter. Fischer Financial Services Inc. now owns 143,702 shares of the exchange traded fund’s stock valued at $7,520,000 after purchasing an additional 1,692 shares during the last quarter. Assetmark Inc. grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.2% during the first quarter. Assetmark Inc. now owns 133,114 shares of the exchange traded fund’s stock worth $6,966,000 after purchasing an additional 1,603 shares during the period. Bellwether Advisors LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the first quarter worth about $5,798,000. Finally, NewEdge Advisors LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 4.9% during the second quarter. NewEdge Advisors LLC now owns 84,762 shares of the exchange traded fund’s stock worth $4,453,000 after buying an additional 3,979 shares during the last quarter.

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.