Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $49.56 and traded as low as $49.47. Fidelity MSCI Consumer Staples Index ETF shares last traded at $49.61, with a volume of 91,224 shares traded.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.2%

The company has a market capitalization of $1.30 billion, a PE ratio of 22.37 and a beta of 0.56. The company’s 50 day moving average price is $49.56 and its 200-day moving average price is $50.47.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 5.1% in the second quarter. Lido Advisors LLC now owns 1,399,498 shares of the exchange traded fund’s stock worth $71,584,000 after buying an additional 67,375 shares during the period. AGF Management Ltd. lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 10.2% during the third quarter. AGF Management Ltd. now owns 468,321 shares of the exchange traded fund’s stock worth $23,341,000 after purchasing an additional 43,330 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% in the second quarter. Osaic Holdings Inc. now owns 430,477 shares of the exchange traded fund’s stock valued at $22,035,000 after purchasing an additional 171,111 shares during the period. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 60.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock valued at $18,093,000 after purchasing an additional 137,407 shares in the last quarter. Finally, Compass Financial Group INC SD grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 20.0% during the 3rd quarter. Compass Financial Group INC SD now owns 262,100 shares of the exchange traded fund’s stock valued at $13,063,000 after purchasing an additional 43,669 shares in the last quarter.

About Fidelity MSCI Consumer Staples Index ETF

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.