Envestnet Asset Management Inc. Trims Position in Fidelity MSCI Consumer Discretionary Index ETF $FDIS

Envestnet Asset Management Inc. cut its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) by 22.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,524 shares of the company’s stock after selling 34,253 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity MSCI Consumer Discretionary Index ETF were worth $11,884,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Howe & Rusling Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at approximately $37,000. SYM FINANCIAL Corp bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at $49,000. Geneos Wealth Management Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter valued at $59,000. Realta Investment Advisors bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF in the third quarter worth $80,000. Finally, JPMorgan Chase & Co. raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 136.1% in the second quarter. JPMorgan Chase & Co. now owns 1,072 shares of the company’s stock worth $101,000 after buying an additional 618 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

NYSEARCA:FDIS opened at $99.65 on Wednesday. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $74.00 and a 52-week high of $107.45. The stock has a fifty day moving average of $103.63 and a 200 day moving average of $101.71. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26.

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.