Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-high trading volume on Wednesday . Approximately 521,588 shares changed hands during mid-day trading, an increase of 587% from the previous session’s volume of 75,964 shares.The stock last traded at $81.12 and had previously closed at $83.59.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 3.8 %

The business’s 50-day simple moving average is $81.01 and its two-hundred day simple moving average is $79.88. The firm has a market capitalization of $1.41 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 hedge funds and other institutional investors have recently added to or reduced their stakes in FDIS. American National Bank raised its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 284.2% in the fourth quarter. American National Bank now owns 365 shares of the company’s stock valued at $29,000 after acquiring an additional 270 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter valued at $33,000. Princeton Global Asset Management LLC purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth $43,000. Signaturefd LLC grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 27.8% during the fourth quarter. Signaturefd LLC now owns 606 shares of the company’s stock worth $48,000 after purchasing an additional 132 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at $50,000.

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.