Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $53.62 and traded as low as $52.12. Fidelity MSCI Consumer Staples Index ETF shares last traded at $52.22, with a volume of 158,757 shares traded.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 22.37 and a beta of 0.49. The business has a fifty day simple moving average of $53.62 and a 200-day simple moving average of $53.42.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSTA. Southern Capital Advisors LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 664.6% during the first quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock worth $3,328,000 after purchasing an additional 55,284 shares during the period. UBS Group AG increased its holdings in Fidelity MSCI Consumer Staples Index ETF by 26.7% in the fourth quarter. UBS Group AG now owns 68,662 shares of the exchange traded fund’s stock valued at $3,377,000 after purchasing an additional 14,450 shares during the period. Jacobs Equity LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at $715,000. Bellwether Advisors LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF during the 1st quarter worth about $5,798,000. Finally, Lido Advisors LLC lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock worth $71,104,000 after buying an additional 16,876 shares during the period.

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.