Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – Should You Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw unusually-strong trading volume on Monday . Approximately 136,795 shares traded hands during trading, an increase of 36% from the previous session’s volume of 100,525 shares.The stock last traded at $51.05 and had previously closed at $50.38.

Fidelity MSCI Consumer Staples Index ETF Trading Up 1.5 %

The company has a 50-day moving average of $50.85 and a 200-day moving average of $50.60. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.86 and a beta of 0.60.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FSTA. LongView Wealth Management increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 12.1% during the 4th quarter. LongView Wealth Management now owns 5,712 shares of the exchange traded fund’s stock valued at $282,000 after purchasing an additional 615 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 10.1% during the 4th quarter. HighTower Advisors LLC now owns 14,882 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 1,366 shares during the last quarter. Allworth Financial LP raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 264.1% in the 4th quarter. Allworth Financial LP now owns 2,556 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 1,854 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 97.4% during the 4th quarter. Jones Financial Companies Lllp now owns 5,797 shares of the exchange traded fund’s stock worth $287,000 after purchasing an additional 2,860 shares during the period. Finally, Partners Wealth Management LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at approximately $783,000.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.