Independence Financial Advisors LLC Takes $5.51 Million Position in Fidelity MSCI Consumer Discretionary Index ETF $FDIS

Independence Financial Advisors LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,594 shares of the company’s stock, valued at approximately $5,512,000. Fidelity MSCI Consumer Discretionary Index ETF accounts for about 2.1% of Independence Financial Advisors LLC’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDIS. Maltin Wealth Management Inc. lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 2.9% during the 2nd quarter. Maltin Wealth Management Inc. now owns 34,141 shares of the company’s stock worth $3,212,000 after buying an additional 959 shares during the period. Atria Wealth Solutions Inc. raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 84.1% during the first quarter. Atria Wealth Solutions Inc. now owns 25,082 shares of the company’s stock worth $2,120,000 after acquiring an additional 11,456 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 168.7% during the first quarter. Royal Bank of Canada now owns 125,984 shares of the company’s stock valued at $10,647,000 after acquiring an additional 79,103 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter valued at $266,000. Finally, AGF Management Ltd. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.5% in the 2nd quarter. AGF Management Ltd. now owns 274,125 shares of the company’s stock worth $25,787,000 after purchasing an additional 4,046 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 0.6%

Shares of Fidelity MSCI Consumer Discretionary Index ETF stock opened at $98.51 on Friday. Fidelity MSCI Consumer Discretionary Index ETF has a 12-month low of $74.00 and a 12-month high of $104.75. The stock has a market capitalization of $1.86 billion, a P/E ratio of 25.42 and a beta of 1.26. The company has a 50-day simple moving average of $101.96 and a 200 day simple moving average of $97.02.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.