Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Reaches New 1-Year High – Should You Buy?

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $52.50 and last traded at $52.57, with a volume of 20443 shares traded. The stock had previously closed at $52.08.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm’s 50 day moving average price is $50.13 and its two-hundred day moving average price is $50.50. The company has a market cap of $1.30 billion, a P/E ratio of 25.39 and a beta of 0.63.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

Large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $42,000. Cape Investment Advisory Inc. increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1,696.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,006 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 950 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the third quarter worth approximately $51,000. Allworth Financial LP lifted its holdings 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 worth $125,000 after purchasing an additional 1,854 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 4th quarter worth $180,000.

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.