Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – Still a Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw unusually-high trading volume on Tuesday. Approximately 340,648 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 174,352 shares. The stock last traded at $55.4370 and had previously closed at $55.14.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The company has a market capitalization of $1.48 billion, a PE ratio of 22.37 and a beta of 0.49. The stock’s fifty day simple moving average is $53.02 and its 200-day simple moving average is $53.12.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds have recently bought and sold shares of FSTA. Lido Advisors LLC raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.3% in the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock valued at $71,104,000 after acquiring an additional 16,876 shares during the last quarter. Compass Financial Group INC SD lifted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% during the 3rd quarter. Compass Financial Group INC SD now owns 359,370 shares of the exchange traded fund’s stock worth $18,270,000 after purchasing an additional 5,168 shares during the period. Marotta Asset Management boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 17.3% during the third quarter. Marotta Asset Management now owns 258,975 shares of the exchange traded fund’s stock worth $13,166,000 after purchasing an additional 38,246 shares during the last quarter. Fischer Financial Services Inc. boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1.2% during the first quarter. Fischer Financial Services Inc. now owns 143,702 shares of the exchange traded fund’s stock worth $7,520,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1.2% during the first quarter. Assetmark Inc. now owns 133,114 shares of the exchange traded fund’s stock worth $6,966,000 after purchasing an additional 1,603 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.