Exchange Capital Management Inc. Sells 380 Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Exchange Capital Management Inc. lessened its holdings in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,164 shares of the company’s stock after selling 380 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Industrials Index ETF were worth $2,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Industrials Index ETF in the 4th quarter worth about $31,000. Global Retirement Partners LLC boosted its stake in Fidelity MSCI Industrials Index ETF by 51,933.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,561 shares of the company’s stock worth $110,000 after purchasing an additional 1,558 shares during the period. Principal Securities Inc. boosted its position in shares of Fidelity MSCI Industrials Index ETF by 5,792.9% during the 4th quarter. Principal Securities Inc. now owns 1,650 shares of the company’s stock valued at $116,000 after acquiring an additional 1,622 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at approximately $207,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at $211,000.

Fidelity MSCI Industrials Index ETF Stock Down 0.6 %

FIDU stock opened at $70.66 on Tuesday. The business’s fifty day simple moving average is $72.41 and its two-hundred day simple moving average is $72.23. Fidelity MSCI Industrials Index ETF has a twelve month low of $63.69 and a twelve month high of $77.59. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

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.