Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Volume Increase – Here’s What Happened

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw unusually-strong trading volume on Monday . Approximately 136,795 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 100,525 shares.The stock last traded at $51.05 and had previously closed at $50.38.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The business has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $50.60. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 23.86 and a beta of 0.60.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSTA. Newbridge Financial Services Group Inc. acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at $42,000. Cape Investment Advisory Inc. lifted its position in Fidelity MSCI Consumer Staples Index ETF by 1,696.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,006 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 950 shares during the period. Allworth Financial LP raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 264.1% during the fourth quarter. Allworth Financial LP now owns 2,556 shares of the exchange traded fund’s stock worth $125,000 after purchasing an additional 1,854 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 151.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,641 shares of the exchange traded fund’s stock worth $180,000 after purchasing an additional 2,193 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at $180,000.

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.