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

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

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 1.7 %

The business’s 50 day simple moving average is $89.15 and its 200 day simple moving average is $83.94. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 25.20 and a beta of 1.32.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Large investors have recently modified their holdings of the stock. Gradient Investments LLC acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $50,000. Larson Financial Group LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at about $52,000. J.Safra Asset Management Corp bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $78,000. International Assets Investment Management LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $84,000. Finally, Benjamin Edwards Inc. bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $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.