Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Strong Trading Volume – Here’s Why

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares saw unusually-strong trading volume on Tuesday . Approximately 245,709 shares traded hands during trading, an increase of 182% from the previous session’s volume of 87,208 shares.The stock last traded at $104.20 and had previously closed at $103.42.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 1.0%

The firm’s fifty day moving average price is $101.70 and its 200-day moving average price is $99.88. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 3rd quarter valued at about $112,000. IFP Advisors Inc lifted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 49.2% in the third quarter. IFP Advisors Inc now owns 2,010 shares of the company’s stock valued at $207,000 after buying an additional 663 shares during the last quarter. Cambria Investment Management L.P. acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at approximately $339,000. Court Place Advisors LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the third quarter worth approximately $202,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1,052.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,417 shares of the company’s stock valued at $146,000 after acquiring an additional 1,294 shares during the period.

About Fidelity MSCI Consumer Discretionary Index ETF

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.