Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-strong trading volume on Wednesday . Approximately 714,039 shares traded hands during trading, an increase of 631% from the previous session’s volume of 97,720 shares.The stock last traded at $104.5090 and had previously closed at $105.01.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 0.7%

The firm has a 50-day simple moving average of $103.09 and a 200-day simple moving average of $101.13. The stock has a market cap of $1.99 billion, a PE ratio of 25.42 and a beta of 1.26.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently bought and sold shares of FDIS. Russell Investments Group Ltd. lifted its position in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after purchasing an additional 159 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter worth approximately $33,000. Howe & Rusling Inc. purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at $37,000. Finally, SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at about $49,000.

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.