Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – Time to Buy?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw an uptick in trading volume on Tuesday . 586,693 shares traded hands during trading, an increase of 495% from the previous session’s volume of 98,561 shares.The stock last traded at $96.9470 and had previously closed at $98.55.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

The stock has a fifty day simple moving average of $101.43 and a two-hundred day simple moving average of $100.21. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 25.42 and a beta of 1.23.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. raised its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 3.3% during the 1st quarter. Centaurus Financial Inc. now owns 5,760 shares of the company’s stock valued at $537,000 after buying an additional 184 shares during the last quarter. Smithfield Trust Co grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.1% in the 4th quarter. Smithfield Trust Co now owns 4,131 shares of the company’s stock worth $421,000 after buying an additional 200 shares during the last quarter. Allworth Financial LP increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 102.0% during the fourth quarter. Allworth Financial LP now owns 495 shares of the company’s stock valued at $51,000 after buying an additional 250 shares during the period. Eley Financial Management Inc raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 6.6% during the first quarter. Eley Financial Management Inc now owns 4,743 shares of the company’s stock valued at $405,000 after acquiring an additional 292 shares in the last quarter. Finally, Smith Salley Wealth Management boosted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 1.3% in the first quarter. Smith Salley Wealth Management now owns 24,512 shares of the company’s stock valued at $2,286,000 after acquiring an additional 311 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.