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

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw strong trading volume on Thursday . 703,061 shares changed hands during mid-day trading, an increase of 243% from the previous session’s volume of 205,243 shares.The stock last traded at $53.52 and had previously closed at $52.70.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.37 and a beta of 0.53. The company’s 50 day simple moving average is $53.73 and its two-hundred day simple moving average is $51.60.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds have recently modified their holdings of the stock. Meridian Wealth Management LLC boosted its position in Fidelity MSCI Consumer Staples Index ETF by 1.8% during the fourth quarter. Meridian Wealth Management LLC now owns 11,791 shares of the exchange traded fund’s stock valued at $580,000 after purchasing an additional 204 shares during the last quarter. Roxbury Financial LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 0.4% during the 1st quarter. Roxbury Financial LLC now owns 56,794 shares of the exchange traded fund’s stock worth $2,972,000 after purchasing an additional 232 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 4.4% during the 4th quarter. Castleview Partners LLC now owns 6,729 shares of the exchange traded fund’s stock worth $331,000 after purchasing an additional 286 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 36.3% during the 4th quarter. Colonial Trust Co SC now owns 1,300 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 346 shares during the last quarter. Finally, Summit Financial LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 7.1% during the 4th quarter. Summit Financial LLC now owns 5,313 shares of the exchange traded fund’s stock valued at $261,000 after buying an additional 351 shares during 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.