Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw unusually-strong trading volume on Thursday . Approximately 219,443 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 90,758 shares.The stock last traded at $47.55 and had previously closed at $47.80.

Fidelity MSCI Consumer Staples Index ETF Stock Down 0.5 %

The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 25.43 and a beta of 0.48. The stock’s 50 day moving average price is $47.67 and its two-hundred day moving average price is $46.33.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Fidelity MSCI Consumer Staples Index ETF by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,526 shares of the exchange traded fund’s stock valued at $96,692,000 after buying an additional 61,194 shares during the period. Lido Advisors LLC grew its position in Fidelity MSCI Consumer Staples Index ETF by 3.3% during the third quarter. Lido Advisors LLC now owns 1,006,921 shares of the exchange traded fund’s stock valued at $42,875,000 after buying an additional 32,373 shares during the period. Morningstar Investment Services LLC increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 96.7% during the fourth quarter. Morningstar Investment Services LLC now owns 772,772 shares of the exchange traded fund’s stock worth $34,435,000 after purchasing an additional 379,953 shares in the last quarter. Compass Financial Group INC SD increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 10.4% during the first quarter. Compass Financial Group INC SD now owns 132,041 shares of the exchange traded fund’s stock worth $6,283,000 after purchasing an additional 12,398 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 42.1% during the fourth quarter. AGF Management Ltd. now owns 123,104 shares of the exchange traded fund’s stock worth $5,494,000 after purchasing an additional 36,484 shares in the last quarter.

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.