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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares saw unusually-high trading volume on Friday. Approximately 991,496 shares changed hands during mid-day trading, an increase of 836% from the previous session’s volume of 105,879 shares. The stock last traded at $97.3460 and had previously closed at $98.64.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 1.1%

The stock has a market cap of $1.69 billion, a PE ratio of 25.42 and a beta of 1.26. The company’s 50 day moving average is $99.23 and its 200-day moving average is $100.26.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $84,000. IFP Advisors Inc lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 7.8% during the 3rd quarter. IFP Advisors Inc now owns 1,966 shares of the company’s stock worth $186,000 after buying an additional 143 shares during the last quarter. Corient Private Wealth LP bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 2nd quarter worth approximately $210,000. Fifth Third Bancorp lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 748.2% during the 1st quarter. Fifth Third Bancorp now owns 2,180 shares of the company’s stock worth $203,000 after buying an additional 1,923 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 21.2% during the 2nd quarter. Fulton Bank N.A. now owns 2,960 shares of the company’s stock worth $304,000 after buying an additional 517 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.