Modern Wealth Management LLC Sells 31,603 Shares of Fidelity MSCI Industrials Index ETF $FIDU

Modern Wealth Management LLC reduced its position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 59.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,378 shares of the company’s stock after selling 31,603 shares during the period. Modern Wealth Management LLC’s holdings in Fidelity MSCI Industrials Index ETF were worth $1,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIDU. PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $29,000 after acquiring an additional 128 shares during the period. Private Trust Co. NA acquired a new stake in Fidelity MSCI Industrials Index ETF in the third quarter worth about $30,000. MTM Investment Management LLC bought a new stake in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $37,000. JPMorgan Chase & Co. raised its holdings in Fidelity MSCI Industrials Index ETF by 1,866.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after purchasing an additional 896 shares during the last quarter. Finally, US Bancorp DE lifted its position in Fidelity MSCI Industrials Index ETF by 38.4% during the 3rd quarter. US Bancorp DE now owns 1,178 shares of the company’s stock valued at $97,000 after purchasing an additional 327 shares during the period.

Fidelity MSCI Industrials Index ETF Trading Down 1.7%

Shares of NYSEARCA FIDU opened at $90.45 on Monday. The firm has a market capitalization of $1.70 billion, a PE ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 1 year low of $59.16 and a 1 year high of $95.82. The firm’s 50-day moving average is $90.16 and its 200-day moving average is $84.62.

Fidelity MSCI Industrials Index ETF Profile

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.