Elite Financial Inc. Makes New Investment in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Elite Financial Inc. purchased a new position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) during the first quarter, HoldingsChannel reports. The institutional investor purchased 800 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 2.8% in the 4th quarter. Centaurus Financial Inc. now owns 6,693 shares of the company’s stock valued at $471,000 after purchasing an additional 181 shares in the last quarter. Essex Financial Services Inc. lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 2.0% in the 1st quarter. Essex Financial Services Inc. now owns 11,830 shares of the company’s stock valued at $810,000 after purchasing an additional 233 shares in the last quarter. Penobscot Wealth Management lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.7% in the 4th quarter. Penobscot Wealth Management now owns 14,889 shares of the company’s stock valued at $1,047,000 after purchasing an additional 248 shares in the last quarter. Maltin Wealth Management Inc. lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 3.8% in the 1st quarter. Maltin Wealth Management Inc. now owns 7,179 shares of the company’s stock valued at $492,000 after purchasing an additional 266 shares in the last quarter. Finally, Lynch & Associates IN lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. Lynch & Associates IN now owns 24,133 shares of the company’s stock valued at $1,652,000 after purchasing an additional 358 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA FIDU opened at $78.76 on Friday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 24.65 and a beta of 1.13. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $78.92. The business’s 50-day simple moving average is $74.35 and its 200-day simple moving average is $71.57.

Fidelity MSCI Industrials Index ETF 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.