Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Reaches New 12-Month High – Here’s What Happened

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $83.63 and last traded at $83.57, with a volume of 5107 shares. The stock had previously closed at $82.75.

Fidelity MSCI Industrials Index ETF Stock Up 0.4%

The company has a 50-day moving average of $81.10 and a 200 day moving average of $77.03. The firm has a market capitalization of $1.50 billion, a PE ratio of 24.65 and a beta of 1.13.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SYM FINANCIAL Corp purchased a new position in Fidelity MSCI Industrials Index ETF during the second quarter worth about $28,000. Private Trust Co. NA purchased a new position in Fidelity MSCI Industrials Index ETF during the third quarter worth about $30,000. PNC Financial Services Group Inc. grew its position in Fidelity MSCI Industrials Index ETF by 51.2% during the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after buying an additional 128 shares in the last quarter. Hilltop National Bank purchased a new position in Fidelity MSCI Industrials Index ETF during the second quarter worth about $30,000. Finally, MTM Investment Management LLC bought a new stake in Fidelity MSCI Industrials Index ETF during the second quarter worth about $37,000.

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.