Meridian Wealth Management LLC Makes New $991,000 Investment in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS)

Meridian Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) during the third quarter, HoldingsChannel.com reports. The fund purchased 11,205 shares of the company’s stock, valued at approximately $991,000.

A number of other institutional investors have also recently made changes to their positions in FDIS. American National Bank & Trust grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.1% in the third quarter. American National Bank & Trust now owns 2,614 shares of the company’s stock worth $231,000 after acquiring an additional 127 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,571 shares of the company’s stock valued at $208,000 after purchasing an additional 138 shares during the last quarter. Dakota Wealth Management increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 2.7% during the 2nd quarter. Dakota Wealth Management now owns 7,445 shares of the company’s stock valued at $603,000 after purchasing an additional 195 shares during the last quarter. Comerica Bank lifted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 25.5% in the 1st quarter. Comerica Bank now owns 1,470 shares of the company’s stock worth $121,000 after purchasing an additional 299 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% in the third quarter. Stratos Wealth Advisors LLC now owns 6,120 shares of the company’s stock worth $541,000 after buying an additional 506 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 1.5 %

Shares of FDIS stock opened at $95.67 on Friday. Fidelity MSCI Consumer Discretionary Index ETF has a 12 month low of $73.16 and a 12 month high of $96.53. The stock has a market cap of $1.68 billion, a P/E ratio of 25.20 and a beta of 1.32. The company has a 50 day simple moving average of $89.15 and a two-hundred day simple moving average of $83.88.

About Fidelity MSCI Consumer Discretionary Index ETF

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.