Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw strong trading volume on Wednesday. Approximately 432,921 shares were traded during trading, an increase of 336% from the previous session’s volume of 99,204 shares. The stock last traded at $95.0020 and had previously closed at $94.95.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 0.0%

The company’s fifty day simple moving average is $100.21 and its 200 day simple moving average is $100.03. The firm has a market capitalization of $1.58 billion, a P/E ratio of 25.42 and a beta of 1.23.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors have recently bought and sold shares of FDIS. Global Assets Advisory LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the first quarter worth about $6,565,000. Atlas Capital Advisors Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth approximately $5,786,000. Lido Advisors LLC grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,503,754 shares of the company’s stock worth $140,240,000 after acquiring an additional 19,658 shares during the period. Jacobs Equity LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter worth approximately $1,376,000. Finally, J.Safra Asset Management Corp raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 134.8% in the 4th quarter. J.Safra Asset Management Corp now owns 19,323 shares of the company’s stock worth $1,974,000 after acquiring an additional 11,093 shares in the last quarter.

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.