Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – What’s Next?

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw unusually-high trading volume on Thursday. Approximately 595,470 shares traded hands during trading, an increase of 256% from the previous session’s volume of 167,365 shares. The stock last traded at $51.7890 and had previously closed at $52.01.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.37 and a beta of 0.49. The firm has a fifty day simple moving average of $53.35 and a 200-day simple moving average of $53.13.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Bellwether Advisors LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the first quarter valued at approximately $5,798,000. Atlas Capital Advisors Inc. bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth $3,016,000. Southern Capital Advisors LLC increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 664.6% in the 1st quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock valued at $3,328,000 after purchasing an additional 55,284 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 652.4% during the 1st quarter. Beaumont Financial Advisors LLC now owns 36,693 shares of the exchange traded fund’s stock worth $1,920,000 after buying an additional 31,816 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at about $1,531,000.

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.