Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Strong Trading Volume – Still a Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw strong trading volume on Friday . 217,550 shares changed hands during 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 Price Performance

The stock’s 50-day moving average price is $82.05 and its 200 day moving average price is $80.46. The firm has a market cap of $1.52 billion, a P/E ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds have recently modified their holdings of the stock. Capital Square LLC bought a new stake in Fidelity MSCI Industrials Index ETF during the third quarter worth about $260,000. Penobscot Wealth Management raised its stake in shares of Fidelity MSCI Industrials Index ETF by 17.8% during the 3rd quarter. Penobscot Wealth Management now owns 34,619 shares of the company’s stock worth $2,837,000 after purchasing an additional 5,243 shares in the last quarter. Stonebridge Financial Planning Group LLC boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 2.4% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 16,948 shares of the company’s stock valued at $1,389,000 after buying an additional 401 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 14.5% in the third quarter. Kestra Private Wealth Services LLC now owns 34,365 shares of the company’s stock valued at $2,816,000 after buying an additional 4,353 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 23.9% in the third quarter. NewEdge Advisors LLC now owns 112,448 shares of the company’s stock valued at $9,214,000 after buying an additional 21,655 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.