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

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw unusually-high trading volume on Tuesday. Approximately 340,648 shares changed hands during trading, an increase of 95% from the previous session’s volume of 174,352 shares. The stock last traded at $55.4370 and had previously closed at $55.14.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The company has a 50-day simple moving average of $53.02 and a 200-day simple moving average of $53.12. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 22.37 and a beta of 0.49.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors have recently modified their holdings of FSTA. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock worth $71,104,000 after purchasing an additional 16,876 shares in the last quarter. Compass Financial Group INC SD lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 1.5% in the 3rd quarter. Compass Financial Group INC SD now owns 359,370 shares of the exchange traded fund’s stock valued at $18,270,000 after buying an additional 5,168 shares in the last quarter. Marotta Asset Management lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 17.3% in the 3rd quarter. Marotta Asset Management now owns 258,975 shares of the exchange traded fund’s stock valued at $13,166,000 after buying an additional 38,246 shares in the last quarter. Fischer Financial Services Inc. increased its position in Fidelity MSCI Consumer Staples Index ETF by 1.2% during the first quarter. Fischer Financial Services Inc. now owns 143,702 shares of the exchange traded fund’s stock worth $7,520,000 after buying an additional 1,692 shares in the last quarter. Finally, Assetmark Inc. increased its position in Fidelity MSCI Consumer Staples Index ETF by 1.2% during the first quarter. Assetmark Inc. now owns 133,114 shares of the exchange traded fund’s stock worth $6,966,000 after buying an additional 1,603 shares in the last quarter.

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.