Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw strong trading volume on Monday . 226,709 shares traded hands during trading, an increase of 156% from the previous session’s volume of 88,452 shares.The stock last traded at $50.50 and had previously closed at $50.50.

Fidelity MSCI Consumer Staples Index ETF Stock Up 0.1 %

The company has a market cap of $1.17 billion, a PE ratio of 25.43 and a beta of 0.48. The company’s fifty day moving average is $50.58 and its 200-day moving average is $49.14.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the first quarter valued at about $270,000. Sweeney & Michel LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 1st quarter valued at about $752,000. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 101.0% during the first quarter. Cetera Investment Advisers now owns 79,147 shares of the exchange traded fund’s stock worth $3,766,000 after buying an additional 39,768 shares during the period. Cetera Advisors LLC grew its stake in Fidelity MSCI Consumer Staples Index ETF by 29.6% in the first quarter. Cetera Advisors LLC now owns 7,554 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 1st quarter worth approximately $228,000.

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.