Avondale Wealth Management Buys New Shares in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)

Avondale Wealth Management bought a new position in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) during the 4th quarter, HoldingsChannel reports. The fund bought 104,796 shares of the exchange traded fund’s stock, valued at approximately $5,180,000. Fidelity MSCI Consumer Staples Index ETF makes up 3.3% of Avondale Wealth Management’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds have also recently modified their holdings of FSTA. International Assets Investment Management LLC boosted its holdings in Fidelity MSCI Consumer Staples Index ETF by 14,613.6% in the third quarter. International Assets Investment Management LLC now owns 259,106 shares of the exchange traded fund’s stock worth $132,270,000 after purchasing an additional 257,345 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 523.6% during the 3rd quarter. Larson Financial Group LLC now owns 159,195 shares of the exchange traded fund’s stock valued at $8,127,000 after purchasing an additional 133,667 shares during the last quarter. Elk River Wealth Management LLC bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 3rd quarter valued at approximately $3,045,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity MSCI Consumer Staples Index ETF during the second quarter valued at approximately $25,000. Finally, Kovitz Investment Group Partners LLC raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 13.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 180,728 shares of the exchange traded fund’s stock valued at $9,237,000 after buying an additional 21,303 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

NYSEARCA FSTA traded down $0.52 during trading on Friday, hitting $48.37. The stock had a trading volume of 28,882 shares, compared to its average volume of 124,983. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.43 and a beta of 0.48. Fidelity MSCI Consumer Staples Index ETF has a one year low of $44.26 and a one year high of $52.41. The stock has a 50 day simple moving average of $50.59 and a 200 day simple moving average of $49.96.

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.