Arax Advisory Partners Makes New $1.53 Million Investment in Fidelity MSCI Consumer Staples Index ETF $FSTA

Arax Advisory Partners acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) in the fourth quarter, Holdings Channel reports. The fund acquired 31,120 shares of the exchange traded fund’s stock, valued at approximately $1,531,000.

Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $26,000. IFC & Insurance Marketing Inc. acquired a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $28,000. Deutsche Bank AG acquired a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $38,000. High Point Wealth Management LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $52,000. Finally, Colonial Trust Co SC lifted its position in Fidelity MSCI Consumer Staples Index ETF by 36.3% during the 4th quarter. Colonial Trust Co SC now owns 1,300 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 346 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.3%

Fidelity MSCI Consumer Staples Index ETF stock opened at $53.93 on Tuesday. Fidelity MSCI Consumer Staples Index ETF has a twelve month low of $47.88 and a twelve month high of $56.93. The stock has a 50 day moving average of $53.09 and a two-hundred day moving average of $52.59. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.37 and a beta of 0.50.

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.