Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Reaches New 1-Year High – Time to Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares hit 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 trading hands. The stock had previously closed at $56.15.

Fidelity MSCI Consumer Staples Index ETF Stock Up 1.3%

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56. The business has a 50-day moving average of $52.73 and a two-hundred day moving average of $51.04.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors have recently bought and sold shares of the business. CWM LLC increased its holdings in Fidelity MSCI Consumer Staples Index ETF by 1,462.6% in the 2nd quarter. CWM LLC now owns 1,672 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 1,565 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 27.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,612 shares of the exchange traded fund’s stock valued at $11,540,000 after acquiring an additional 48,453 shares in the last quarter. World Investment Advisors increased its stake in Fidelity MSCI Consumer Staples Index ETF by 3.2% in the second quarter. World Investment Advisors now owns 11,114 shares of the exchange traded fund’s stock valued at $568,000 after acquiring an additional 341 shares during the period. Assetmark Inc. increased its stake in Fidelity MSCI Consumer Staples Index ETF by 926.4% in the second quarter. Assetmark Inc. now owns 111,090 shares of the exchange traded fund’s stock valued at $5,682,000 after acquiring an additional 100,267 shares during the period. Finally, Atria Investments Inc acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the second quarter worth about $240,000.

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.