Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sets New 12-Month High – Here’s Why

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) shares reached a new 52-week high on Tuesday . The company traded as high as $89.16 and last traded at $89.07, with a volume of 21203 shares. The stock had previously closed at $87.73.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 1.8 %

The firm’s 50 day moving average is $86.01 and its two-hundred day moving average is $82.40. The firm has a market cap of $1.57 billion, a P/E ratio of 25.20 and a beta of 1.32.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 5.1% during the third quarter. American National Bank & Trust now owns 2,614 shares of the company’s stock worth $231,000 after acquiring an additional 127 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,571 shares of the company’s stock valued at $208,000 after buying an additional 138 shares during the period. Dakota Wealth Management grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 2.7% in the second quarter. Dakota Wealth Management now owns 7,445 shares of the company’s stock valued at $603,000 after acquiring an additional 195 shares during the period. KCM Investment Advisors LLC increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 0.5% during the 1st quarter. KCM Investment Advisors LLC now owns 50,677 shares of the company’s stock valued at $4,180,000 after purchasing an additional 270 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 25.5% in the 1st quarter. Comerica Bank now owns 1,470 shares of the company’s stock worth $121,000 after acquiring an additional 299 shares during 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.