Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw an uptick in trading volume on Wednesday . 101,412 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 130,784 shares.The stock last traded at $49.3460 and had previously closed at $49.46.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The company has a 50 day moving average of $49.51 and a 200 day moving average of $50.42. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 3.4% in the first quarter. Comerica Bank now owns 14,918 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 493 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 5.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 18,879 shares of the exchange traded fund’s stock valued at $965,000 after purchasing an additional 950 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 94,046 shares of the exchange traded fund’s stock worth $4,809,000 after purchasing an additional 2,212 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1,124.0% during the first quarter. Jones Financial Companies Lllp now owns 70,957 shares of the exchange traded fund’s stock worth $3,628,000 after purchasing an additional 65,160 shares in the last quarter. Finally, WBI Investments LLC grew its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 213.4% during the first quarter. WBI Investments LLC now owns 65,318 shares of the exchange traded fund’s stock worth $3,340,000 after purchasing an additional 44,473 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.