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

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-high trading volume on Tuesday . Approximately 555,013 shares were traded during mid-day trading, an increase of 473% from the previous session’s volume of 96,806 shares.The stock last traded at $85.57 and had previously closed at $84.51.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 1.3 %

The stock’s 50 day moving average is $93.33 and its two-hundred day moving average is $93.52. The company has a market capitalization of $1.77 billion, a PE ratio of 23.50 and a beta of 1.34.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of large investors have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter valued at $25,000. Capital Investment Counsel Inc bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at about $32,000. Cullen Frost Bankers Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter valued at about $33,000. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter worth about $38,000.

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.