Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw an uptick in trading volume on Tuesday . 247,062 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 91,423 shares.The stock last traded at $49.24 and had previously closed at $49.28.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.0 %

The stock’s fifty day moving average price is $50.75 and its two-hundred day moving average price is $49.92. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.43 and a beta of 0.48.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1.9% in the 2nd quarter. Private Advisor Group LLC now owns 18,514 shares of the exchange traded fund’s stock valued at $878,000 after acquiring an additional 345 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity MSCI Consumer Staples Index ETF by 12.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the exchange traded fund’s stock valued at $157,000 after purchasing an additional 372 shares in the last quarter. Soltis Investment Advisors LLC increased its stake in Fidelity MSCI Consumer Staples Index ETF by 6.0% in the third quarter. Soltis Investment Advisors LLC now owns 8,322 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 474 shares during the last quarter. Sweeney & Michel LLC increased its stake in Fidelity MSCI Consumer Staples Index ETF by 3.3% in the third quarter. Sweeney & Michel LLC now owns 17,774 shares of the exchange traded fund’s stock valued at $903,000 after purchasing an additional 570 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 2.2% during the third quarter. Beaumont Financial Advisors LLC now owns 32,399 shares of the exchange traded fund’s stock worth $1,654,000 after purchasing an additional 692 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.