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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) shares saw strong trading volume on Friday. Approximately 991,496 shares traded hands during mid-day trading, an increase of 836% from the previous session’s volume of 105,879 shares. The stock last traded at $97.3460 and had previously closed at $98.64.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 1.3%

The firm’s 50 day moving average is $99.37 and its 200-day moving average is $100.27. The firm has a market cap of $1.63 billion, a PE ratio of 25.42 and a beta of 1.26.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors have recently bought and sold shares of FDIS. Integrated Wealth Concepts LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth approximately $84,000. Fifth Third Bancorp boosted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 748.2% in the 1st quarter. Fifth Third Bancorp now owns 2,180 shares of the company’s stock valued at $203,000 after purchasing an additional 1,923 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at $210,000. Fulton Bank N.A. boosted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 21.2% in the 2nd quarter. Fulton Bank N.A. now owns 2,960 shares of the company’s stock valued at $304,000 after purchasing an additional 517 shares during the last quarter. Finally, Eley Financial Management Inc grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 6.6% during the 1st quarter. Eley Financial Management Inc now owns 4,743 shares of the company’s stock valued at $405,000 after buying an additional 292 shares during the period.

About Fidelity MSCI Consumer Discretionary Index ETF

(Get Free Report)

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.

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