Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Strong Trading Volume – Time to Buy?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-high trading volume on Tuesday . Approximately 586,693 shares were traded during mid-day trading, an increase of 495% from the previous session’s volume of 98,561 shares.The stock last traded at $96.9470 and had previously closed at $98.55.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The firm has a market cap of $1.61 billion, a P/E ratio of 25.42 and a beta of 1.23. The firm’s 50 day moving average is $101.43 and its 200 day moving average is $100.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 102.0% during the 4th quarter. Allworth Financial LP now owns 495 shares of the company’s stock valued at $51,000 after acquiring an additional 250 shares during the period. Motiv8 Investments LLC purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $83,000. Integrated Wealth Concepts LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at approximately $84,000. Corient Private Wealth LP bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at approximately $210,000. Finally, Fifth Third Bancorp boosted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 748.2% in the first quarter. Fifth Third Bancorp now owns 2,180 shares of the company’s stock worth $203,000 after purchasing an additional 1,923 shares during the last quarter.

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.