Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Reaches New 52-Week High – Should You Buy?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $97.71 and last traded at $97.22, with a volume of 16514 shares traded. The stock had previously closed at $95.67.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

The stock’s 50-day simple moving average is $89.62 and its two-hundred day simple moving average is $84.17. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently made changes to their positions in FDIS. World Investment Advisors LLC grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 1.7% in the 3rd quarter. World Investment Advisors LLC now owns 7,458 shares of the company’s stock valued at $660,000 after buying an additional 124 shares during the last quarter. American National Bank & Trust grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.1% in the third quarter. American National Bank & Trust now owns 2,614 shares of the company’s stock worth $231,000 after acquiring an additional 127 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,571 shares of the company’s stock worth $208,000 after acquiring an additional 138 shares during the period. Dakota Wealth Management raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 2.7% during the 2nd quarter. Dakota Wealth Management now owns 7,445 shares of the company’s stock valued at $603,000 after purchasing an additional 195 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 25.5% in the 1st quarter. Comerica Bank now owns 1,470 shares of the company’s stock valued at $121,000 after purchasing an additional 299 shares during the period.

About Fidelity MSCI Consumer Discretionary Index ETF

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.