Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Hits New 52-Week High – Time to Buy?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.94 and last traded at $51.87, with a volume of 9856 shares traded. The stock had previously closed at $51.48.

Fidelity MSCI Consumer Staples Index ETF Stock Up 0.3 %

The business has a 50-day moving average of $50.47 and a 200-day moving average of $49.33. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 25.43 and a beta of 0.48.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the first quarter worth $270,000. Sweeney & Michel LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF during the first quarter valued at about $752,000. Cetera Investment Advisers grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 101.0% in the first quarter. Cetera Investment Advisers now owns 79,147 shares of the exchange traded fund’s stock valued at $3,766,000 after purchasing an additional 39,768 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 29.6% during the 1st quarter. Cetera Advisors LLC now owns 7,554 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the 1st quarter valued at approximately $228,000.

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.