Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Reaches New 1-Year High – Here’s Why

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) hit a new 52-week high during trading on Thursday. The stock traded as high as $58.93 and last traded at $58.9740, with a volume of 9,792 shares. The stock had previously closed at $58.29.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.37 and a beta of 0.47. The business has a fifty day moving average of $53.66 and a two-hundred day moving average of $53.58.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSTA. Allworth Financial LP raised its position in shares of Fidelity MSCI Consumer Staples Index ETF by 36.5% in the third quarter. Allworth Financial LP now owns 2,625 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 702 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 3rd quarter worth about $673,000. Lido Advisors LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 3rd quarter worth about $70,870,000. Csenge Advisory Group grew its stake in Fidelity MSCI Consumer Staples Index ETF by 115.9% in the 3rd quarter. Csenge Advisory Group now owns 13,200 shares of the exchange traded fund’s stock valued at $671,000 after buying an additional 7,087 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at about $54,000.

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.