Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Reaches New 52-Week High – Should You Buy?

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) reached a new 52-week high on Monday . The stock traded as high as $97.71 and last traded at $97.22, with a volume of 16514 shares. The stock had previously closed at $95.67.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

The stock has a market cap of $1.71 billion, a PE ratio of 25.20 and a beta of 1.32. The company has a 50 day moving average price of $89.15 and a two-hundred day moving average price of $83.94.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised 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 valued at $121,000 after acquiring an additional 299 shares during the period. Cetera Investment Advisers purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 1st quarter worth approximately $2,040,000. Pathway Financial Advisers LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 1st quarter worth approximately $1,337,000. Maltin Wealth Management Inc. grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 2.6% during the 2nd quarter. Maltin Wealth Management Inc. now owns 30,587 shares of the company’s stock worth $2,478,000 after acquiring an additional 781 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 17.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,026 shares of the company’s stock worth $569,000 after acquiring an additional 1,060 shares in the last quarter.

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.