Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Unusually-High Trading Volume – Here’s Why

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw unusually-strong trading volume on Friday . Approximately 204,598 shares were traded during trading, an increase of 130% from the previous session’s volume of 89,041 shares.The stock last traded at $51.43 and had previously closed at $50.94.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The firm’s fifty day simple moving average is $50.47 and its 200 day simple moving average is $49.31. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 25.43 and a beta of 0.48.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

Several large investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter valued at about $25,000. TFC Financial Management Inc. acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter worth about $43,000. Farther Finance Advisors LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the third quarter valued at approximately $51,000. International Assets Investment Management LLC bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter valued at $83,000. Finally, American National Bank raised its holdings in Fidelity MSCI Consumer Staples Index ETF by 32.6% during the second quarter. American National Bank now owns 2,235 shares of the exchange traded fund’s stock valued at $106,000 after buying an additional 550 shares in the last quarter.

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.