Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 12-Month High – Still a Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s stock price hit a new 52-week high on Monday . The stock traded as high as $77.32 and last traded at $77.32, with a volume of 2127 shares trading hands. The stock had previously closed at $76.55.

Fidelity MSCI Industrials Index ETF Trading Up 0.8 %

The stock’s fifty day simple moving average is $73.09 and its 200-day simple moving average is $69.10. The stock has a market capitalization of $1.24 billion, a PE ratio of 25.35 and a beta of 0.97.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. AE Wealth Management LLC boosted its position in 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 worth $45,496,000 after purchasing an additional 90,105 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Industrials Index ETF by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 624,341 shares of the company’s stock valued at $40,813,000 after buying an additional 9,222 shares during the period. Commonwealth Equity Services LLC increased its holdings in 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 buying an additional 44,827 shares during the last quarter. Vicus Capital purchased a new position in Fidelity MSCI Industrials Index ETF in the second quarter valued at approximately $14,392,000. Finally, AGF Management Ltd. grew its holdings in Fidelity MSCI Industrials Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 174,149 shares of the company’s stock valued at $11,384,000 after purchasing an additional 27,030 shares during the period.

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.