Exchange Capital Management Inc. Cuts Stock Position in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS)

Exchange Capital Management Inc. decreased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,648 shares of the company’s stock after selling 1,134 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Consumer Discretionary Index ETF were worth $2,889,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter valued at about $25,000. Capital Investment Counsel Inc purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $32,000. Decker Retirement Planning Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $35,000. Wingate Wealth Advisors Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter worth $49,000. Finally, Larson Financial Group LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter worth $52,000.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

Shares of FDIS stock opened at $94.23 on Tuesday. The stock’s 50-day simple moving average is $99.33 and its 200-day simple moving average is $92.44. The firm has a market capitalization of $1.65 billion, a PE ratio of 25.20 and a beta of 1.32. Fidelity MSCI Consumer Discretionary Index ETF has a fifty-two week low of $73.19 and a fifty-two week high of $104.41.

Fidelity MSCI Consumer Discretionary Index ETF Profile

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.