Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw unusually-strong trading volume on Friday . Approximately 217,550 shares were traded during mid-day trading, an increase of 205% from the previous session’s volume of 71,255 shares.The stock last traded at $83.7990 and had previously closed at $84.04.

Fidelity MSCI Industrials Index ETF Trading Down 0.2%

The stock has a market cap of $1.52 billion, a P/E ratio of 24.65 and a beta of 1.11. The company’s fifty day simple moving average is $82.05 and its 200-day simple moving average is $80.46.

Institutional Trading of Fidelity MSCI Industrials Index ETF

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock valued at $8,354,000 after purchasing an additional 1,853 shares in the last quarter. Algorithmic Investment Models LLC acquired a new position in Fidelity MSCI Industrials Index ETF in the first quarter valued at about $275,000. Integrated Wealth Concepts LLC grew its stake in Fidelity MSCI Industrials Index ETF by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after buying an additional 410 shares during the last quarter. NewEdge Advisors LLC grew its stake in Fidelity MSCI Industrials Index ETF by 35.8% during the first quarter. NewEdge Advisors LLC now owns 92,845 shares of the company’s stock worth $6,357,000 after buying an additional 24,468 shares during the last quarter. Finally, Redwood Financial Network Corp acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the first quarter worth approximately $255,000.

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.