Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTAGet Free Report) saw an uptick in trading volume on Friday . 284,436 shares traded hands during trading, an increase of 127% from the previous session’s volume of 125,346 shares.The stock last traded at $52.02 and had previously closed at $51.94.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The business’s fifty day moving average price is $50.47 and its 200 day moving average price is $50.67. The company has a market capitalization of $1.28 billion, a P/E ratio of 25.39 and a beta of 0.63.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at about $1,366,000. D. E. Shaw & Co. Inc. bought a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at about $362,000. Cetera Investment Advisers lifted its holdings 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 last quarter. Bank of America Corp DE lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 0.7% during the 4th quarter. Bank of America Corp DE now owns 42,806 shares of the exchange traded fund’s stock valued at $2,116,000 after purchasing an additional 290 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter valued at about $1,602,000.

About Fidelity MSCI Consumer Staples Index ETF

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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.

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