Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares saw an uptick in trading volume on Thursday . 155,361 shares changed hands during trading, an increase of 72% from the previous session’s volume of 90,085 shares.The stock last traded at $87.43 and had previously closed at $85.55.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32. The stock’s 50-day moving average is $82.18 and its 200 day moving average is $80.85.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 31,986 shares of the company’s stock valued at $2,591,000 after acquiring an additional 7,253 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 20.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 26,192 shares of the company’s stock valued at $2,122,000 after acquiring an additional 4,473 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 12.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,151 shares of the company’s stock valued at $498,000 after acquiring an additional 683 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 18.4% during the 2nd quarter. Regal Investment Advisors LLC now owns 11,769 shares of the company’s stock valued at $953,000 after acquiring an additional 1,832 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 156.5% during the 2nd quarter. NewEdge Advisors LLC now owns 24,849 shares of the company’s stock valued at $2,013,000 after acquiring an additional 15,163 shares during the period.

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.