Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – Still a Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw unusually-high trading volume on Thursday . Approximately 703,061 shares changed hands during mid-day trading, an increase of 243% from the previous session’s volume of 205,243 shares.The stock last traded at $53.52 and had previously closed at $52.70.

Fidelity MSCI Consumer Staples Index ETF Trading Up 1.5%

The firm has a 50-day moving average of $53.73 and a two-hundred day moving average of $51.60. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 22.37 and a beta of 0.53.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the first quarter worth $269,000. Yoder Wealth Management Inc. grew its position in Fidelity MSCI Consumer Staples Index ETF by 5.7% in the 1st quarter. Yoder Wealth Management Inc. now owns 47,158 shares of the exchange traded fund’s stock worth $2,468,000 after purchasing an additional 2,522 shares during the last quarter. Roxbury Financial LLC grew its position in Fidelity MSCI Consumer Staples Index ETF by 0.4% in the 1st quarter. Roxbury Financial LLC now owns 56,794 shares of the exchange traded fund’s stock worth $2,972,000 after purchasing an additional 232 shares during the last quarter. Smith Salley Wealth Management increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1.6% during the 1st quarter. Smith Salley Wealth Management now owns 23,714 shares of the exchange traded fund’s stock worth $1,241,000 after purchasing an additional 367 shares during the period. Finally, Southern Capital Advisors LLC increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 664.6% during the 1st quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock worth $3,328,000 after purchasing an additional 55,284 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.