Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTAGet Free Report)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $53.60 and traded as high as $53.67. Fidelity MSCI Consumer Staples Index ETF shares last traded at $53.47, with a volume of 93,800 shares traded.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.3%

The company has a market cap of $1.42 billion, a price-to-earnings ratio of 22.37 and a beta of 0.50. The stock’s fifty day simple moving average is $53.61 and its 200 day simple moving average is $53.54.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after buying an additional 167,871 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1,658.1% during the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock worth $6,484,000 after acquiring an additional 122,700 shares during the period. Bellwether Advisors LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 1st quarter valued at about $5,798,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at about $4,858,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the third quarter valued at about $4,679,000.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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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.

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