Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Passes Above 50-Day Moving Average – Time to Sell?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $53.47 and traded as high as $54.04. Fidelity MSCI Consumer Staples Index ETF shares last traded at $54.04, with a volume of 108,752 shares trading hands.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm has a 50 day moving average price of $53.47 and a two-hundred day moving average price of $53.60. The company has a market cap of $1.43 billion, a P/E ratio of 22.37 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at approximately $28,000. Deutsche Bank AG bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at $38,000. Mcguire Capital Advisors Inc. bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at $49,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth $52,000.

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.