Disruptive Theme of the Week: Playing Defense
When markets correct, it is a good time to revisit which equity market sectors are “defensive” themes. Certain products and services are nondiscretionary in nature that we cannot live without.
Should You Invest in the Fidelity MSCI Consumer Staples Index ETF (FSTA)?
Looking for broad exposure to the Consumer Staples - Broad segment of the equity market? You should consider the Fidelity MSCI Consumer Staples Index ETF (FSTA), a passively managed exchange traded fund launched on 10/21/2013.
FSTA: Consumer Staples Dashboard For June
Monthly article series with industry metrics in consumer staples. The sector is close to its 11-year averages in valuation, but the household products industry is significantly undervalued. Fidelity MSCI Consumer Staples Index ETF is an equivalent to XLP for long-term investors.
Meridian Wealth Management LLC Sells 4,722 Shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)
Meridian Wealth Management LLC reduced its holdings in shares of Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA – Free Report) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,782 shares of the exchange traded fund’s stock after selling 4,722 shares during the period. Meridian Wealth Management LLC’s holdings in Fidelity MSCI Consumer Staples Index ETF were worth $213,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the fourth quarter valued at about $4,949,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,526 shares of the exchange traded fund’s stock valued at $96,692,000 after buying an additional 61,194 shares in the last quarter. CX Institutional increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 356.5% in the 4th quarter. CX Institutional now owns 68,479 shares of the exchange traded fund’s stock worth $3,056,000 after acquiring an additional 53,478 shares in the last quarter. AGF Management Ltd. lifted its position in Fidelity MSCI Consumer Staples Index ETF by 42.1% during the 4th quarter. AGF Management Ltd. now owns 123,104 shares of the exchange traded fund’s stock valued at $5,494,000 after acquiring an additional 36,484 shares during the period. Finally, Southern Capital Advisors LLC boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 98.0% during the fourth quarter. Southern Capital Advisors LLC now owns 71,015 shares of the exchange traded fund’s stock worth $3,169,000 after acquiring an additional 35,150 shares in the last quarter. Fidelity MSCI Consumer Staples Index ETF Stock Down 0.3 % Fidelity MSCI Consumer Staples Index ETF stock opened at $48.61 on Monday. Fidelity MSCI Consumer Staples Index ETF has a twelve month low of $40.28 and a twelve month high of $48.89. The stock’s 50 day moving average is $46.98 and its 200 day moving average is $45.40. The company has a market capitalization of $1.13 billion, a P/E ratio of 25.43 and a beta of 0.48. Fidelity MSCI Consumer Staples Index ETF Company Profile (Free Report) 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.
