Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 714,039 shares changed hands during trading, an increase of 631% from the previous session’s volume of 97,720 shares.The stock last traded at $104.5090 and had previously closed at $105.01.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock has a market cap of $1.97 billion, a P/E ratio of 25.42 and a beta of 1.26. The firm’s 50 day moving average price is $103.59 and its 200-day moving average price is $101.22.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Sound Income Strategies LLC lifted its position in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after purchasing an additional 159 shares in the last quarter. Larson Financial Group LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at $33,000. Howe & Rusling Inc. bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at about $37,000. Finally, SYM FINANCIAL Corp purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter worth about $49,000.

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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