Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Strong Trading Volume

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw strong trading volume on Tuesday . 266,083 shares were traded during mid-day trading, an increase of 235% from the previous session’s volume of 79,531 shares.The stock last traded at $77.25 and had previously closed at $76.32.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock’s fifty day moving average price is $80.11 and its 200 day moving average price is $76.41. The stock has a market capitalization of $1.36 billion, a P/E ratio of 25.19 and a beta of 1.30.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds have recently added to or reduced their stakes in FDIS. Arkadios Wealth Advisors purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter worth about $230,000. DAVENPORT & Co LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter worth about $251,000. Brookstone Capital Management lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3.0% during the third quarter. Brookstone Capital Management now owns 46,606 shares of the company’s stock valued at $3,118,000 after buying an additional 1,365 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3.0% during the third quarter. Dakota Wealth Management now owns 6,871 shares of the company’s stock valued at $480,000 after buying an additional 200 shares during the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at about $225,000.

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.