Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Reaches New 52-Week High – Still a Buy?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $105.73 and last traded at $106.0350, with a volume of 13776 shares. The stock had previously closed at $104.03.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 1.7%

The stock has a fifty day moving average of $101.76 and a two-hundred day moving average of $100.01. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Maltin Wealth Management Inc. raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 2.9% in the 2nd quarter. Maltin Wealth Management Inc. now owns 34,141 shares of the company’s stock valued at $3,212,000 after acquiring an additional 959 shares during the period. Osaic Holdings Inc. lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 48.2% during the 2nd quarter. Osaic Holdings Inc. now owns 101,608 shares of the company’s stock valued at $9,504,000 after acquiring an additional 33,033 shares during the period. AGF Management Ltd. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 274,125 shares of the company’s stock worth $25,787,000 after purchasing an additional 4,046 shares in the last quarter. Royal Bank of Canada raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 168.7% in the first quarter. Royal Bank of Canada now owns 125,984 shares of the company’s stock valued at $10,647,000 after purchasing an additional 79,103 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the first quarter worth about $266,000.

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.