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

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTAGet Free Report) saw unusually-high trading volume on Monday . Approximately 286,280 shares changed hands during mid-day trading, an increase of 221% from the previous session’s volume of 89,089 shares.The stock last traded at $52.08 and had previously closed at $52.29.

Fidelity MSCI Consumer Staples Index ETF Stock Down 0.0 %

The firm has a market capitalization of $1.21 billion, a P/E ratio of 25.43 and a beta of 0.48. The business’s 50 day moving average is $50.55 and its two-hundred day moving average is $49.47.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in Fidelity MSCI Consumer Staples Index ETF during the second quarter valued at about $25,000. TFC Financial Management Inc. acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter valued at about $43,000. Farther Finance Advisors LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at approximately $51,000. International Assets Investment Management LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the second quarter worth approximately $83,000. Finally, American National Bank raised its position in Fidelity MSCI Consumer Staples Index ETF by 32.6% during the second quarter. American National Bank now owns 2,235 shares of the exchange traded fund’s stock valued at $106,000 after acquiring an additional 550 shares in the last quarter.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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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.

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