Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $53.18 and traded as low as $52.48. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.54, with a volume of 94,013 shares changing hands.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The stock has a fifty day simple moving average of $53.18 and a 200-day simple moving average of $52.83. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.37 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several large investors have recently made changes to their positions in FSTA. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity MSCI Consumer Staples Index ETF by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after buying an additional 167,871 shares in the last quarter. Lido Advisors LLC increased its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.3% in the first quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock valued at $71,104,000 after buying an additional 16,876 shares in the last quarter. LPL Financial LLC increased its holdings in Fidelity MSCI Consumer Staples Index ETF by 6.5% in the fourth quarter. LPL Financial LLC now owns 524,438 shares of the exchange traded fund’s stock valued at $25,797,000 after buying an additional 31,965 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Fidelity MSCI Consumer Staples Index ETF by 4.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 403,858 shares of the exchange traded fund’s stock worth $19,866,000 after acquiring an additional 17,373 shares during the period. Finally, Compass Financial Group INC SD raised its position in shares of Fidelity MSCI Consumer Staples Index ETF by 12.2% in the fourth quarter. Compass Financial Group INC SD now owns 293,954 shares of the exchange traded fund’s stock worth $14,460,000 after acquiring an additional 31,854 shares during the period.

About Fidelity MSCI Consumer Staples Index ETF

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.