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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw an uptick in trading volume on Monday . 309,993 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 128,159 shares.The stock last traded at $98.0960 and had previously closed at $100.88.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 2.3%

The company has a market cap of $1.78 billion, a PE ratio of 25.42 and a beta of 1.26. The company has a 50-day moving average of $103.46 and a 200-day moving average of $101.83.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the first quarter worth about $1,585,000. Jane Street Group LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 1st quarter valued at approximately $2,351,000. Schmidt P J Investment Management Inc. grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 34.1% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 14,208 shares of the company’s stock valued at $1,337,000 after acquiring an additional 3,609 shares during the period. Penobscot Wealth Management increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.2% during the 2nd quarter. Penobscot Wealth Management now owns 32,417 shares of the company’s stock worth $3,049,000 after purchasing an additional 2,730 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 2nd quarter worth approximately $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.