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

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw an uptick in trading volume on Tuesday . 555,013 shares changed hands during mid-day trading, an increase of 473% from the previous session’s volume of 96,806 shares.The stock last traded at $85.57 and had previously closed at $84.51.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock’s 50 day moving average price is $92.75 and its two-hundred day moving average price is $93.48. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 23.70 and a beta of 1.35.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently made changes to their positions in FDIS. Jane Street Group LLC raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 14.6% during the 3rd quarter. Jane Street Group LLC now owns 29,805 shares of the company’s stock valued at $2,636,000 after purchasing an additional 3,796 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at about $96,000. FMR LLC lifted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.9% in the third quarter. FMR LLC now owns 35,478 shares of the company’s stock valued at $3,138,000 after buying an additional 1,991 shares during the period. Franklin Resources Inc. grew its position in 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 buying an additional 3,000 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 15.5% during the third quarter. Stifel Financial Corp now owns 65,377 shares of the company’s stock worth $5,782,000 after buying an additional 8,780 shares in 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.