Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Hits New 12-Month High – Still a Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $58.93 and last traded at $58.9740, with a volume of 9,792 shares trading hands. The stock had previously closed at $58.29.

Fidelity MSCI Consumer Staples Index ETF Trading Up 1.5%

The firm has a market capitalization of $1.60 billion, a P/E ratio of 22.37 and a beta of 0.47. The business has a 50 day moving average of $53.51 and a 200-day moving average of $53.52.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth about $25,000. Asset Dedication LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at about $54,000. Allied Private Wealth LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter valued at $60,000. BOKF NA bought a new position in Fidelity MSCI Consumer Staples Index ETF during the third quarter worth about $78,000. Finally, RDA Financial Network bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the third quarter valued at approximately $205,000.

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.