Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Reaches New 12-Month High – Here’s Why

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) reached a new 52-week high during trading on Friday . The company traded as high as $56.88 and last traded at $56.84, with a volume of 190251 shares. The stock had previously closed at $56.15.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm’s fifty day moving average is $52.58 and its 200-day moving average is $51.02. The company has a market capitalization of $1.49 billion, a P/E ratio of 22.37 and a beta of 0.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSTA. Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at $26,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at about $28,000. Deutsche Bank AG bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at about $38,000. Mcguire Capital Advisors Inc. acquired a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $49,000. Finally, Farther Finance Advisors LLC boosted its holdings in Fidelity MSCI Consumer Staples Index ETF by 140.6% in the third quarter. Farther Finance Advisors LLC now owns 1,025 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 599 shares in the last quarter.

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.