Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $49.56 and traded as low as $49.47. Fidelity MSCI Consumer Staples Index ETF shares last traded at $49.61, with a volume of 91,224 shares trading hands.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56. The company’s 50 day moving average is $49.56 and its 200 day moving average is $50.47.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FSTA. Comerica Bank boosted its position in Fidelity MSCI Consumer Staples Index ETF by 3.4% during the first quarter. Comerica Bank now owns 14,918 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 493 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 5.3% in the first quarter. Integrated Wealth Concepts LLC now owns 18,879 shares of the exchange traded fund’s stock valued at $965,000 after purchasing an additional 950 shares during the period. NewEdge Advisors LLC increased its stake in Fidelity MSCI Consumer Staples Index ETF by 2.4% in the first quarter. NewEdge Advisors LLC now owns 94,046 shares of the exchange traded fund’s stock valued at $4,809,000 after purchasing an additional 2,212 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Fidelity MSCI Consumer Staples Index ETF by 1,124.0% during the first quarter. Jones Financial Companies Lllp now owns 70,957 shares of the exchange traded fund’s stock worth $3,628,000 after buying an additional 65,160 shares during the period. Finally, WBI Investments LLC grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 213.4% in the 1st quarter. WBI Investments LLC now owns 65,318 shares of the exchange traded fund’s stock valued at $3,340,000 after buying an additional 44,473 shares during the period.

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.