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

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high on Monday . The stock traded as high as $85.29 and last traded at $85.5650, with a volume of 22787 shares traded. The stock had previously closed at $84.17.

Fidelity MSCI Industrials Index ETF Trading Down 1.8%

The company has a market capitalization of $1.57 billion, a P/E ratio of 24.65 and a beta of 1.11. The stock has a 50 day moving average price of $82.30 and a 200 day moving average price of $81.02.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

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