Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sets New 52-Week High – Still a Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price hit a new 52-week high on Monday . The company traded as high as $52.99 and last traded at $53.1910, with a volume of 719 shares traded. The stock had previously closed at $52.86.

Fidelity MSCI Consumer Staples Index ETF Stock Up 2.4%

The company has a market cap of $1.44 billion, a P/E ratio of 22.37 and a beta of 0.56. The firm’s 50-day moving average price is $50.63 and its 200-day moving average price is $50.46.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors have recently made changes to their positions in FSTA. Janney Montgomery Scott LLC boosted its position in Fidelity MSCI Consumer Staples Index ETF by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,045 shares of the exchange traded fund’s stock valued at $258,000 after buying an additional 209 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 4.7% during the second quarter. Pathway Financial Advisers LLC now owns 4,849 shares of the exchange traded fund’s stock valued at $248,000 after acquiring an additional 217 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 9.0% during the second quarter. Centaurus Financial Inc. now owns 3,085 shares of the exchange traded fund’s stock worth $158,000 after purchasing an additional 255 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 61.3% during the second quarter. Cullen Frost Bankers Inc. now owns 687 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 261 shares during the period. Finally, Soltis Investment Advisors LLC grew its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 3.4% in the second quarter. Soltis Investment Advisors LLC now owns 8,376 shares of the exchange traded fund’s stock worth $428,000 after purchasing an additional 273 shares during the last quarter.

About Fidelity MSCI Consumer Staples Index ETF

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.