Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – What’s Next?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) saw strong trading volume on Wednesday. Approximately 432,921 shares changed hands during mid-day trading, an increase of 336% from the previous session’s volume of 99,204 shares. The stock last traded at $95.0020 and had previously closed at $94.95.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock has a market cap of $1.58 billion, a PE ratio of 25.42 and a beta of 1.23. The business has a 50 day moving average price of $100.21 and a two-hundred day moving average price of $100.03.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several institutional investors have recently added to or reduced their stakes in FDIS. Jacobs Equity LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter valued at approximately $1,376,000. Royal Bank of Canada grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 46.3% in the 1st quarter. Royal Bank of Canada now owns 33,432 shares of the company’s stock worth $3,118,000 after buying an additional 10,586 shares during the last quarter. Penobscot Wealth Management increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 16.5% during the first quarter. Penobscot Wealth Management now owns 40,194 shares of the company’s stock valued at $3,748,000 after buying an additional 5,705 shares during the period. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.3% during the first quarter. Lido Advisors LLC now owns 1,503,754 shares of the company’s stock valued at $140,240,000 after buying an additional 19,658 shares during the period. Finally, Blue Jean Financial LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $824,000.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

(Get Free Report)

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.

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