Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Breaks Below 50-Day Moving Average – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $53.46 and traded as low as $51.91. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.18, with a volume of 179,482 shares changing hands.

Fidelity MSCI Consumer Staples Index ETF Stock Down 1.0%

The firm has a 50-day moving average price of $53.39 and a two-hundred day moving average price of $53.14. The firm has a market cap of $1.36 billion, a PE ratio of 22.37 and a beta of 0.49.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roxbury Financial LLC grew its stake in Fidelity MSCI Consumer Staples Index ETF by 0.4% during the 1st quarter. Roxbury Financial LLC now owns 56,794 shares of the exchange traded fund’s stock valued at $2,972,000 after acquiring an additional 232 shares in the last quarter. Smith Salley Wealth Management lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 1.6% in the 1st quarter. Smith Salley Wealth Management now owns 23,714 shares of the exchange traded fund’s stock worth $1,241,000 after purchasing an additional 367 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth approximately $25,000. IFP Advisors Inc boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 14.5% during the 4th quarter. IFP Advisors Inc now owns 3,965 shares of the exchange traded fund’s stock worth $195,000 after purchasing an additional 503 shares during the last quarter. Finally, Herbst Group LLC grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% in the second quarter. Herbst Group LLC now owns 38,555 shares of the exchange traded fund’s stock valued at $2,026,000 after purchasing an additional 552 shares in the last quarter.

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.