Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits 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 Thursday . The company traded as high as $90.08 and last traded at $89.3740, with a volume of 15870 shares traded. The stock had previously closed at $89.56.

Fidelity MSCI Industrials Index ETF Stock Down 0.0%

The business’s 50-day moving average price is $83.56 and its 200 day moving average price is $81.83. The company has a market capitalization of $1.67 billion, a P/E ratio of 24.65 and a beta of 1.11.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its position in Fidelity MSCI Industrials Index ETF by 5,801.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock worth $13,219,000 after buying an additional 158,598 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Industrials Index ETF by 17.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 882,815 shares of the company’s stock valued at $68,445,000 after acquiring an additional 128,115 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 7.9% during the second quarter. Lido Advisors LLC now owns 1,704,467 shares of the company’s stock worth $132,147,000 after purchasing an additional 125,189 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 12.5% in the third quarter. AE Wealth Management LLC now owns 1,051,799 shares of the company’s stock worth $86,184,000 after purchasing an additional 117,011 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 23.5% in the third quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after purchasing an additional 77,068 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.