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

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-high trading volume on Tuesday . Approximately 131,390 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 90,457 shares.The stock last traded at $84.36 and had previously closed at $84.75.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 0.2 %

The firm has a market capitalization of $1.80 billion, a PE ratio of 26.28 and a beta of 1.31. The firm has a 50 day simple moving average of $97.10 and a 200 day simple moving average of $93.25.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.6% during the 4th quarter. Lido Advisors LLC now owns 1,383,365 shares of the company’s stock valued at $134,823,000 after acquiring an additional 22,415 shares during the period. Charles Schwab Investment Management Inc. increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,296,596 shares of the company’s stock worth $114,671,000 after buying an additional 16,368 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 14.3% in the fourth quarter. AGF Management Ltd. now owns 420,913 shares of the company’s stock worth $41,022,000 after buying an additional 52,679 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter valued at about $26,660,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3,150.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 145,922 shares of the company’s stock valued at $12,905,000 after buying an additional 141,433 shares in the last quarter.

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.