Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 1-Year High – What’s Next?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.16 and last traded at $90.5660, with a volume of 32342 shares. The stock had previously closed at $89.81.

Fidelity MSCI Industrials Index ETF Stock Down 0.7%

The stock’s 50-day moving average is $85.59 and its 200 day moving average is $82.59. The stock has a market capitalization of $1.69 billion, a PE ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several institutional investors have recently bought and sold shares of FIDU. PNC Financial Services Group Inc. grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 51.2% during the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. Mcrae Capital Management Inc. raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 2.9% in the third quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock valued at $432,000 after buying an additional 149 shares during the last quarter. Primoris Wealth Advisors LLC lifted its position in Fidelity MSCI Industrials Index ETF by 2.0% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock worth $625,000 after buying an additional 150 shares in the last quarter. Trail Ridge Investment Advisors LLC lifted its position in Fidelity MSCI Industrials Index ETF by 1.1% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 15,356 shares of the company’s stock worth $1,258,000 after buying an additional 171 shares in the last quarter. Finally, Choreo LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 7.0% during the fourth quarter. Choreo LLC now owns 3,214 shares of the company’s stock valued at $268,000 after purchasing an additional 211 shares during the last quarter.

About Fidelity MSCI Industrials Index ETF

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.