Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sets New 52-Week High – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $52.96 and last traded at $52.77, with a volume of 22456 shares trading hands. The stock had previously closed at $52.55.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The business’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $50.64. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 25.39 and a beta of 0.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 5.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,905 shares of the exchange traded fund’s stock valued at $242,000 after acquiring an additional 259 shares during the period. Bank of America Corp DE lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 0.7% in the 4th quarter. Bank of America Corp DE now owns 42,806 shares of the exchange traded fund’s stock worth $2,116,000 after purchasing an additional 290 shares during the last quarter. Cetera Investment Advisers boosted its position in Fidelity MSCI Consumer Staples Index ETF by 1.2% during the 4th quarter. Cetera Investment Advisers now owns 29,081 shares of the exchange traded fund’s stock valued at $1,437,000 after purchasing an additional 354 shares during the period. Soltis Investment Advisors LLC grew its stake in Fidelity MSCI Consumer Staples Index ETF by 6.0% during the 3rd quarter. Soltis Investment Advisors LLC now owns 8,322 shares of the exchange traded fund’s stock worth $425,000 after buying an additional 474 shares during the last quarter. Finally, LongView Wealth Management increased its position in Fidelity MSCI Consumer Staples Index ETF by 12.1% in the fourth quarter. LongView Wealth Management now owns 5,712 shares of the exchange traded fund’s stock worth $282,000 after buying an additional 615 shares during the period.

About Fidelity MSCI Consumer Staples Index ETF

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.