Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 1-Year High – What’s Next?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $90.08 and last traded at $89.3740, with a volume of 15870 shares changing hands. The stock had previously closed at $89.56.

Fidelity MSCI Industrials Index ETF Trading Down 0.0%

The firm’s 50-day moving average price is $83.56 and its 200 day moving average price is $81.83. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Fidelity MSCI Industrials Index ETF by 1.5% in the first quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock worth $8,354,000 after acquiring an additional 1,853 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Fidelity MSCI Industrials Index ETF by 12.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock valued at $256,000 after buying an additional 410 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Fidelity MSCI Industrials Index ETF by 135.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock valued at $684,000 after acquiring an additional 5,737 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Fidelity MSCI Industrials Index ETF during the 1st quarter worth $5,221,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the 1st quarter worth $752,000.

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.