Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw strong trading volume on Thursday . 436,260 shares were traded during mid-day trading, an increase of 299% from the previous session’s volume of 109,351 shares.The stock last traded at $101.38 and had previously closed at $102.42.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The company has a fifty day moving average price of $97.26 and a two-hundred day moving average price of $100.56. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 25.42 and a beta of 1.27.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the 4th quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after purchasing an additional 159 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $35,000. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock worth $41,000 after buying an additional 199 shares in the last quarter.

About Fidelity MSCI Consumer Discretionary Index ETF

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.