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

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high during trading on Monday . The stock traded as high as $97.17 and last traded at $96.90, with a volume of 5210 shares traded. The stock had previously closed at $95.14.

Fidelity MSCI Industrials Index ETF Price Performance

The firm’s 50-day moving average price is $93.03 and its 200 day moving average price is $89.61. The firm has a market cap of $2.13 billion, a P/E ratio of 24.65 and a beta of 1.04.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Large investors have recently bought and sold shares of the business. Lido Advisors LLC grew its position in 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 in the last quarter. AE Wealth Management LLC increased its stake 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 valued at $107,844,000 after acquiring an additional 255,717 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Industrials Index ETF by 3.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock valued at $74,604,000 after acquiring an additional 27,659 shares during the period. Bellwether Advisors LLC bought a new stake in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at about $15,898,000. Finally, Sanctuary Advisors LLC increased its stake in Fidelity MSCI Industrials Index ETF by 4.8% in the first quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock valued at $15,770,000 after acquiring an additional 8,351 shares during the period.

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.