Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sets New 12-Month High – Here’s Why

Shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) reached a new 52-week high during trading on Monday . The company traded as high as $102.76 and last traded at $102.40, with a volume of 48412 shares. The stock had previously closed at $101.69.

Fidelity MSCI Consumer Discretionary Index ETF Trading Up 0.1 %

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32. The business’s 50 day moving average price is $91.62 and its two-hundred day moving average price is $85.38.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth about $50,000. Larson Financial Group LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter worth approximately $52,000. J.Safra Asset Management Corp acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at approximately $78,000. International Assets Investment Management LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the second quarter valued at $84,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth $104,000.

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.