Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 1-Year High – Still a Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $78.94 and last traded at $78.94, with a volume of 312 shares trading hands. The stock had previously closed at $72.87.

Fidelity MSCI Industrials Index ETF Stock Performance

The firm has a market cap of $1.22 billion, a PE ratio of 25.35 and a beta of 0.97. The company has a 50 day simple moving average of $71.69 and a two-hundred day simple moving average of $68.39.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds have recently modified their holdings of the company. Vicus Capital purchased a new position in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $14,392,000. AE Wealth Management LLC lifted its position in shares of Fidelity MSCI Industrials Index ETF by 14.9% in the second quarter. AE Wealth Management LLC now owns 695,974 shares of the company’s stock valued at $45,496,000 after acquiring an additional 90,105 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 7,114.7% in the third quarter. International Assets Investment Management LLC now owns 53,533 shares of the company’s stock worth $38,630,000 after acquiring an additional 52,791 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 17.5% during the second quarter. Commonwealth Equity Services LLC now owns 301,655 shares of the company’s stock worth $19,719,000 after purchasing an additional 44,827 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at $2,321,000.

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.