Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw strong trading volume on Friday . 75,380 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 75,423 shares.The stock last traded at $97.07 and had previously closed at $96.31.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 2.0 %

The business has a 50-day moving average price of $96.49 and a 200-day moving average price of $87.96. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Fidelity MSCI Consumer Discretionary Index ETF by 189.5% during the third quarter. Franklin Resources Inc. now owns 4,583 shares of the company’s stock worth $399,000 after acquiring an additional 3,000 shares during the last quarter. World Investment Advisors LLC boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 1.7% during the third quarter. World Investment Advisors LLC now owns 7,458 shares of the company’s stock worth $660,000 after buying an additional 124 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 3rd quarter worth $1,967,000. Sunbelt Securities Inc. increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 7.7% during the third quarter. Sunbelt Securities Inc. now owns 8,045 shares of the company’s stock worth $711,000 after purchasing an additional 576 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 97.2% during the 3rd quarter. MML Investors Services LLC now owns 9,297 shares of the company’s stock worth $822,000 after buying an additional 4,582 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Company 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.