Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $49.56 and traded as low as $49.47. Fidelity MSCI Consumer Staples Index ETF shares last traded at $49.61, with a volume of 91,224 shares traded.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The firm has a market cap of $1.30 billion, a P/E ratio of 22.37 and a beta of 0.56. The stock’s 50 day moving average is $49.56 and its two-hundred day moving average is $50.46.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth approximately $32,000. Cullen Frost Bankers Inc. raised its stake in Fidelity MSCI Consumer Staples Index ETF by 61.3% during the second quarter. Cullen Frost Bankers Inc. now owns 687 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 261 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 113.8% during the second quarter. Private Trust Co. NA now owns 1,007 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 536 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 140.6% during the third quarter. Farther Finance Advisors LLC now owns 1,025 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 599 shares during the period. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter valued at $68,000.

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.