Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw strong trading volume on Thursday . 1,621,530 shares traded hands during mid-day trading, an increase of 837% from the previous session’s volume of 172,989 shares.The stock last traded at $88.7750 and had previously closed at $88.53.

Fidelity MSCI Industrials Index ETF Trading Up 0.8%

The business has a 50 day simple moving average of $84.43 and a two-hundred day simple moving average of $82.17. The company has a market cap of $1.67 billion, a PE ratio of 24.65 and a beta of 1.11.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. SYM FINANCIAL Corp bought a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at about $28,000. Private Trust Co. NA bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at approximately $30,000. PNC Financial Services Group Inc. raised its position in shares of Fidelity MSCI Industrials Index ETF by 51.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. Hilltop National Bank bought a new position in Fidelity MSCI Industrials Index ETF during the second quarter worth $30,000. Finally, MTM Investment Management LLC acquired a new position in Fidelity MSCI Industrials Index ETF in the second quarter worth $37,000.

Fidelity MSCI Industrials Index ETF Company Profile

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.