Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 1-Year High – Time to Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $95.89 and last traded at $95.75, with a volume of 100712 shares traded. The stock had previously closed at $93.48.

Fidelity MSCI Industrials Index ETF Price Performance

The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 24.65 and a beta of 1.06. The business’s 50-day moving average price is $90.86 and its two-hundred day moving average price is $87.37.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its stake in Fidelity MSCI Industrials Index ETF by 12.5% during the third quarter. AE Wealth Management LLC now owns 1,051,799 shares of the company’s stock worth $86,184,000 after buying an additional 117,011 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Fidelity MSCI Industrials Index ETF by 23.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock valued at $33,181,000 after buying an additional 77,068 shares during the period. Maxele Advisors LLC bought a new position in Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at about $1,498,000. Independence Financial Advisors LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 58.1% in the 3rd quarter. Independence Financial Advisors LLC now owns 132,727 shares of the company’s stock valued at $10,876,000 after buying an additional 48,777 shares in the last quarter. Finally, Lido Advisors LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 1.9% in the 3rd quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock valued at $142,296,000 after buying an additional 32,118 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Company 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.