Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 991,496 shares were traded during trading, an increase of 836% from the previous session’s volume of 105,879 shares. The stock last traded at $97.3460 and had previously closed at $98.64.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock has a 50-day simple moving average of $99.37 and a 200 day simple moving average of $100.27. The company has a market capitalization of $1.63 billion, a PE ratio of 25.42 and a beta of 1.26.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 2nd quarter worth approximately $84,000. Fifth Third Bancorp raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 748.2% in the first quarter. Fifth Third Bancorp now owns 2,180 shares of the company’s stock worth $203,000 after acquiring an additional 1,923 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the second quarter worth $210,000. Fulton Bank N.A. raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 21.2% in the second quarter. Fulton Bank N.A. now owns 2,960 shares of the company’s stock worth $304,000 after acquiring an additional 517 shares during the last quarter. Finally, Eley Financial Management Inc lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 6.6% in the first quarter. Eley Financial Management Inc now owns 4,743 shares of the company’s stock valued at $405,000 after acquiring an additional 292 shares in the last quarter.

About Fidelity MSCI Consumer Discretionary Index ETF

(Get Free Report)

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.

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