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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw strong trading volume on Wednesday. Approximately 595,004 shares were traded during trading, an increase of 356% from the previous session’s volume of 130,360 shares. The stock last traded at $88.9350 and had previously closed at $89.55.

Fidelity MSCI Industrials Index ETF Stock Down 0.7%

The business’s 50-day simple moving average is $94.19 and its 200-day simple moving average is $93.59. The stock has a market cap of $2.18 billion, a PE ratio of 24.65 and a beta of 1.03.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Large investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. bought a new stake in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at $2,980,000. Compound Planning Inc. bought a new position in Fidelity MSCI Industrials Index ETF in the 1st quarter worth $1,112,000. Ironwood Wealth Management LLC. bought a new position in Fidelity MSCI Industrials Index ETF in the 1st quarter worth $531,000. Sigma Planning Corp lifted its position in shares of Fidelity MSCI Industrials Index ETF by 197.2% in the 1st quarter. Sigma Planning Corp now owns 10,856 shares of the company’s stock worth $939,000 after purchasing an additional 7,203 shares during the period. Finally, Blue Jean Financial LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF during the 4th quarter valued at about $822,000.

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.