Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares saw unusually-strong trading volume on Friday . Approximately 211,056 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 104,726 shares.The stock last traded at $104.3510 and had previously closed at $104.78.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 0.3%

The firm has a 50-day moving average of $101.64 and a two-hundred day moving average of $99.37. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of FDIS. Maltin Wealth Management Inc. raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 2.9% during the 2nd quarter. Maltin Wealth Management Inc. now owns 34,141 shares of the company’s stock valued at $3,212,000 after acquiring an additional 959 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 48.2% in the 2nd quarter. Osaic Holdings Inc. now owns 101,608 shares of the company’s stock worth $9,504,000 after purchasing an additional 33,033 shares during the last quarter. AGF Management Ltd. grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.5% during the second quarter. AGF Management Ltd. now owns 274,125 shares of the company’s stock worth $25,787,000 after purchasing an additional 4,046 shares during the period. Royal Bank of Canada grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 168.7% during the first quarter. Royal Bank of Canada now owns 125,984 shares of the company’s stock worth $10,647,000 after purchasing an additional 79,103 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the first quarter valued at about $266,000.

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.