Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 52-Week High – Should You Buy?

by · The Cerbat Gem

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $84.13 and last traded at $84.12, with a volume of 15351 shares changing hands. The stock had previously closed at $83.30.

Fidelity MSCI Industrials Index ETF Stock Performance

The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. The firm has a fifty day simple moving average of $81.80 and a 200-day simple moving average of $79.95.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds have recently bought and sold shares of FIDU. PNC Financial Services Group Inc. grew its stake in shares of Fidelity MSCI Industrials Index ETF by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares during the last quarter. CW Advisors LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. CW Advisors LLC now owns 10,219 shares of the company’s stock worth $700,000 after buying an additional 149 shares during the period. Mcrae Capital Management Inc. grew its position in shares of Fidelity MSCI Industrials Index ETF by 2.9% in the 3rd quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock worth $432,000 after buying an additional 149 shares during the last quarter. Primoris Wealth Advisors LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 2.0% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock worth $625,000 after buying an additional 150 shares during the last quarter. Finally, Smith Salley Wealth Management increased its stake in shares of Fidelity MSCI Industrials Index ETF by 0.5% during the second quarter. Smith Salley Wealth Management now owns 30,934 shares of the company’s stock valued at $2,398,000 after buying an additional 155 shares during the period.

Fidelity MSCI Industrials Index ETF Company Profile

(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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