Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Strong Trading Volume – Time to Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares saw unusually-high trading volume on Wednesday . Approximately 101,412 shares were traded during trading, a decline of 22% from the previous session’s volume of 130,784 shares.The stock last traded at $49.3460 and had previously closed at $49.46.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.5%

The firm has a market capitalization of $1.29 billion, a PE ratio of 22.37 and a beta of 0.56. The firm’s fifty day moving average price is $49.46 and its 200 day moving average price is $50.41.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% during the 2nd quarter. Osaic Holdings Inc. now owns 430,477 shares of the exchange traded fund’s stock valued at $22,035,000 after buying an additional 171,111 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity MSCI Consumer Staples Index ETF by 60.9% during the third quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock valued at $18,093,000 after acquiring an additional 137,407 shares in the last quarter. Two Sigma Investments LP lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 1,658.1% in the third quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock valued at $6,484,000 after acquiring an additional 122,700 shares during the last quarter. Assetmark Inc. lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 926.4% in the second quarter. Assetmark Inc. now owns 111,090 shares of the exchange traded fund’s stock valued at $5,682,000 after acquiring an additional 100,267 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the third quarter worth approximately $4,679,000.

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.