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

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw an uptick in trading volume on Tuesday . 131,390 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 90,457 shares.The stock last traded at $84.36 and had previously closed at $84.75.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 0.2 %

The firm has a market capitalization of $1.80 billion, a P/E ratio of 26.28 and a beta of 1.31. The business’s 50 day moving average is $97.10 and its 200-day moving average is $93.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 14.6% in the 3rd quarter. Jane Street Group LLC now owns 29,805 shares of the company’s stock valued at $2,636,000 after acquiring an additional 3,796 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 14.9% in the third quarter. Janney Montgomery Scott LLC now owns 29,681 shares of the company’s stock valued at $2,625,000 after purchasing an additional 3,851 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at about $96,000. FMR LLC boosted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.9% during the third quarter. FMR LLC now owns 35,478 shares of the company’s stock valued at $3,138,000 after purchasing an additional 1,991 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 189.5% during the third quarter. Franklin Resources Inc. now owns 4,583 shares of the company’s stock worth $399,000 after purchasing an additional 3,000 shares during the last quarter.

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.