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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high during trading on Monday . The company traded as high as $95.53 and last traded at $95.44, with a volume of 148096 shares trading hands. The stock had previously closed at $94.63.

Fidelity MSCI Industrials Index ETF Trading Up 1.0%

The firm has a 50-day simple moving average of $89.23 and a two-hundred day simple moving average of $84.16. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Several large investors have recently added to or reduced their stakes in FIDU. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Industrials Index ETF by 1.9% during the 3rd quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock worth $142,296,000 after purchasing an additional 32,118 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Fidelity MSCI Industrials Index ETF by 24.3% in the fourth quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock worth $107,844,000 after purchasing an additional 255,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Industrials Index ETF by 3.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock worth $74,604,000 after buying an additional 27,659 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Fidelity MSCI Industrials Index ETF by 23.5% during the third quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after buying an additional 77,068 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in Fidelity MSCI Industrials Index ETF by 1.5% during the second quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock valued at $22,322,000 after buying an additional 4,250 shares in the last quarter.

About Fidelity MSCI Industrials Index ETF

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.