Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw unusually-strong trading volume on Tuesday . Approximately 131,390 shares traded hands during trading, an increase of 45% from the previous session’s volume of 90,457 shares.The stock last traded at $84.36 and had previously closed at $84.75.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The company has a market capitalization of $1.75 billion, a PE ratio of 26.28 and a beta of 1.31. The company’s fifty day moving average is $96.59 and its 200-day moving average is $93.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FDIS. Assetmark Inc. grew its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 163,870.0% in the 3rd quarter. Assetmark Inc. now owns 16,397 shares of the company’s stock worth $1,450,000 after buying an additional 16,387 shares during the last quarter. Atria Investments Inc acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at approximately $940,000. Axxcess Wealth Management LLC grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 10.5% in the third quarter. Axxcess Wealth Management LLC now owns 8,710 shares of the company’s stock worth $770,000 after purchasing an additional 830 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3,552.5% during the third quarter. Venturi Wealth Management LLC now owns 1,461 shares of the company’s stock worth $129,000 after purchasing an additional 1,421 shares in the last quarter. Finally, Lifeworks Advisors LLC increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 28.6% during the third quarter. Lifeworks Advisors LLC now owns 19,377 shares of the company’s stock worth $1,714,000 after purchasing an additional 4,313 shares in the last quarter.

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.