Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Hits New 12-Month High – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.94 and last traded at $51.87, with a volume of 9856 shares traded. The stock had previously closed at $51.48.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.5 %

The firm’s fifty day moving average price is $50.47 and its 200-day moving average price is $49.36. The company has a market cap of $1.21 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 14,613.6% in the 3rd quarter. International Assets Investment Management LLC now owns 259,106 shares of the exchange traded fund’s stock worth $132,270,000 after acquiring an additional 257,345 shares during the period. Systelligence LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF in the second quarter worth $11,935,000. Atria Wealth Solutions Inc. boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 443.6% during the second quarter. Atria Wealth Solutions Inc. now owns 237,028 shares of the exchange traded fund’s stock worth $11,236,000 after buying an additional 193,428 shares in the last quarter. Larson Financial Group LLC boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 523.6% during the third quarter. Larson Financial Group LLC now owns 159,195 shares of the exchange traded fund’s stock worth $8,127,000 after buying an additional 133,667 shares in the last quarter. Finally, Elk River Wealth Management LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at $3,045,000.

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.