Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw an uptick in trading volume on Friday . 75,380 shares were traded during trading, a decline of 0% from the previous session’s volume of 75,423 shares.The stock last traded at $97.07 and had previously closed at $96.31.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 2.0 %

The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32. The business’s fifty day moving average is $96.49 and its two-hundred day moving average is $87.96.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds have recently added to or reduced their stakes in FDIS. Jane Street Group LLC raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 14.6% in the 3rd quarter. Jane Street Group LLC now owns 29,805 shares of the company’s stock valued at $2,636,000 after purchasing an additional 3,796 shares during the period. Janney Montgomery Scott LLC raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 14.9% during the third quarter. Janney Montgomery Scott LLC now owns 29,681 shares of the company’s stock valued at $2,625,000 after purchasing an additional 3,851 shares in the last quarter. FMR LLC lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.9% in the third quarter. FMR LLC now owns 35,478 shares of the company’s stock worth $3,138,000 after acquiring an additional 1,991 shares during the last quarter. Franklin Resources Inc. boosted its position in Fidelity MSCI Consumer Discretionary Index ETF by 189.5% in the third quarter. Franklin Resources Inc. now owns 4,583 shares of the company’s stock valued at $399,000 after buying an additional 3,000 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 40.5% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 11,124 shares of the company’s stock worth $984,000 after buying an additional 3,209 shares in 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.