Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Share Price Passes Below 50-Day Moving Average – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $53.62 and traded as low as $52.12. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.22, with a volume of 158,757 shares.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.5%

The stock has a 50 day simple moving average of $53.57 and a 200-day simple moving average of $53.39. The firm has a market cap of $1.39 billion, a PE ratio of 22.37 and a beta of 0.49.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

Several institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after purchasing an additional 167,871 shares during the period. Two Sigma Investments LP grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 1,658.1% during the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock valued at $6,484,000 after buying an additional 122,700 shares in the last quarter. Bellwether Advisors LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the first quarter valued at approximately $5,798,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the third quarter valued at approximately $4,679,000. Finally, Advisory Services Network LLC raised its position in shares of Fidelity MSCI Consumer Staples Index ETF by 2,354.1% during the fourth quarter. Advisory Services Network LLC now owns 78,581 shares of the exchange traded fund’s stock valued at $3,865,000 after buying an additional 75,379 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.