Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Passes Above 50-Day Moving Average – Time to Sell?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $53.24 and traded as high as $53.73. Fidelity MSCI Consumer Staples Index ETF shares last traded at $53.71, with a volume of 86,764 shares trading hands.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.4%

The firm has a fifty day moving average of $53.29 and a two-hundred day moving average of $53.52. The company has a market cap of $1.42 billion, a PE ratio of 22.37 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Large investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter valued at approximately $478,000. Raymond James Financial Inc. raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 22.8% during the 2nd quarter. Raymond James Financial Inc. now owns 8,795 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 1,635 shares during the period. Jane Street Group LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter valued at $716,000. Ameriprise Financial Inc. raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 73.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,846 shares of the exchange traded fund’s stock valued at $2,191,000 after acquiring an additional 18,149 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 17.6% during the second quarter. Bank of America Corp DE now owns 56,699 shares of the exchange traded fund’s stock worth $2,900,000 after acquiring an additional 8,495 shares in the last quarter.

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.