Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – Should You Buy?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares saw unusually-strong trading volume on Tuesday . Approximately 245,709 shares were traded 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 company has a market cap of $2.00 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26. The stock’s fifty day simple moving average is $101.70 and its 200 day simple moving average is $99.88.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDIS. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% in the 3rd quarter. Lido Advisors LLC now owns 1,482,404 shares of the company’s stock worth $152,495,000 after acquiring an additional 122,734 shares during the last quarter. Bank of America Corp DE increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 0.5% during the third quarter. Bank of America Corp DE now owns 928,498 shares of the company’s stock worth $95,515,000 after purchasing an additional 4,720 shares during the last quarter. AE Wealth Management LLC raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 12.2% during the third quarter. AE Wealth Management LLC now owns 762,658 shares of the company’s stock worth $78,455,000 after purchasing an additional 82,744 shares during the period. PFG Advisors raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 22,112.4% during the second quarter. PFG Advisors now owns 665,707 shares of the company’s stock worth $62,623,000 after purchasing an additional 662,710 shares during the period. Finally, AGF Management Ltd. boosted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 10.2% in the 3rd quarter. AGF Management Ltd. now owns 302,071 shares of the company’s stock valued at $31,074,000 after purchasing an additional 27,946 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.