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

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high during trading on Thursday . The stock traded as high as $84.13 and last traded at $84.12, with a volume of 15351 shares traded. The stock had previously closed at $83.30.

Fidelity MSCI Industrials Index ETF Stock Up 1.2%

The firm has a market cap of $1.53 billion, a P/E ratio of 24.65 and a beta of 1.11. The firm’s 50-day simple moving average is $81.73 and its 200 day simple moving average is $79.85.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Several institutional investors have recently made changes to their positions in FIDU. SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Industrials Index ETF in the second quarter worth $28,000. PNC Financial Services Group Inc. lifted its holdings in Fidelity MSCI Industrials Index ETF by 51.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares in the last quarter. Hilltop National Bank bought a new position in Fidelity MSCI Industrials Index ETF in the 2nd quarter worth about $30,000. Private Trust Co. NA bought a new position in Fidelity MSCI Industrials Index ETF in the 3rd quarter worth about $30,000. Finally, MTM Investment Management LLC purchased a new position in Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at about $37,000.

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.