Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Strong Trading Volume – Still a Buy?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDISGet Free Report) shares saw an uptick in trading volume on Thursday . 436,260 shares were traded during mid-day trading, an increase of 299% from the previous session’s volume of 109,351 shares.The stock last traded at $101.38 and had previously closed at $102.42.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The business’s 50-day moving average price is $97.26 and its two-hundred day moving average price is $100.56. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 25.42 and a beta of 1.27.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after buying an additional 159 shares during the last quarter. Larson Financial Group LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at about $33,000. IFC & Insurance Marketing Inc. acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $35,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock valued at $41,000 after buying an additional 199 shares in the last quarter.

About Fidelity MSCI Consumer Discretionary Index ETF

(Get Free Report)

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.

Further Reading

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