Linscomb Wealth Inc. Invests $285,000 in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS)

Linscomb Wealth Inc. acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,455 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank boosted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 284.2% in the fourth quarter. American National Bank now owns 365 shares of the company’s stock valued at $29,000 after buying an additional 270 shares during the period. Eagle Bay Advisors LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter worth $33,000. Princeton Global Asset Management LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth about $43,000. Signaturefd LLC raised its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 27.8% in the 4th quarter. Signaturefd LLC now owns 606 shares of the company’s stock valued at $48,000 after purchasing an additional 132 shares during the period. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter valued at about $86,000.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of FDIS traded up $1.17 during mid-day trading on Friday, hitting $81.63. 80,387 shares of the company’s stock were exchanged, compared to its average volume of 93,294. Fidelity MSCI Consumer Discretionary Index ETF has a 52 week low of $64.12 and a 52 week high of $86.12. The company has a market cap of $1.43 billion, a PE ratio of 25.20 and a beta of 1.32. The company has a 50-day simple moving average of $81.04 and a 200 day simple moving average of $79.93.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.