Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Reaches New 52-Week High – Time to Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $52.39 and last traded at $52.32, with a volume of 7002 shares. The stock had previously closed at $52.10.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The business’s 50-day moving average price is $50.66 and its 200 day moving average price is $49.58. The company has a market cap of $1.20 billion, a P/E ratio of 25.43 and a beta of 0.48.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. TFC Financial Management Inc. acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at $51,000. International Assets Investment Management LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter valued at $83,000. American National Bank increased its position in Fidelity MSCI Consumer Staples Index ETF by 32.6% during the 2nd quarter. American National Bank now owns 2,235 shares of the exchange traded fund’s stock worth $106,000 after buying an additional 550 shares during the period. Finally, American National Bank & Trust lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 36.3% during the third quarter. American National Bank & Trust now owns 3,046 shares of the exchange traded fund’s stock worth $155,000 after buying an additional 811 shares in the last quarter.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.