Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Reaches New 12-Month High – Should You Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDUGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $97.17 and last traded at $96.90, with a volume of 5210 shares traded. The stock had previously closed at $95.14.

Fidelity MSCI Industrials Index ETF Stock Performance

The stock’s fifty day moving average price is $93.03 and its two-hundred day moving average price is $89.61. The company has a market cap of $2.13 billion, a P/E ratio of 24.65 and a beta of 1.04.

Institutional Trading of Fidelity MSCI Industrials Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FIDU. Parallel Advisors LLC boosted its position in Fidelity MSCI Industrials Index ETF by 47.3% in the first quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Fidelity MSCI Industrials Index ETF by 945.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock valued at $51,000 after buying an additional 558 shares in the last quarter. First Horizon Corp acquired a new stake in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at approximately $75,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% during the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock valued at $73,000 after acquiring an additional 896 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter valued at $82,000.

About Fidelity MSCI Industrials Index ETF

(Get Free Report)

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.

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