Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sets New 1-Year High – Still a Buy?

by · The Markets Daily

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as $104.81 and last traded at $104.2550, with a volume of 5674 shares traded. The stock had previously closed at $103.54.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The firm has a 50 day simple moving average of $100.87 and a 200-day simple moving average of $98.58. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 49.2% during the third quarter. IFP Advisors Inc now owns 2,010 shares of the company’s stock worth $207,000 after buying an additional 663 shares during the period. Cambria Investment Management L.P. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter worth approximately $339,000. Court Place Advisors LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter worth approximately $202,000. CIBC Private Wealth Group LLC increased its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 1,052.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,417 shares of the company’s stock valued at $146,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Penobscot Wealth Management raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 2.8% in the third quarter. Penobscot Wealth Management now owns 33,334 shares of the company’s stock valued at $3,429,000 after purchasing an additional 917 shares during the period.

About Fidelity MSCI Consumer Discretionary Index ETF

(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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