Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Volume Increase

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw an uptick in trading volume on Thursday . 1,880,634 shares changed hands during trading, an increase of 2,077% from the previous session’s volume of 86,369 shares.The stock last traded at $65.03 and had previously closed at $64.90.

Fidelity MSCI Industrials Index ETF Stock Up 0.7 %

The firm has a fifty day moving average of $65.89 and a 200-day moving average of $61.02. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.55 and a beta of 0.98.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors have recently made changes to their positions in the stock. VCI Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF in the fourth quarter valued at $2,820,000. Valley Brook Capital Group Inc. grew its position in Fidelity MSCI Industrials Index ETF by 16.8% during the third quarter. Valley Brook Capital Group Inc. now owns 4,536 shares of the company’s stock valued at $245,000 after acquiring an additional 651 shares during the period. Kestra Private Wealth Services LLC grew its position in Fidelity MSCI Industrials Index ETF by 3.3% during the third quarter. Kestra Private Wealth Services LLC now owns 24,952 shares of the company’s stock valued at $1,350,000 after acquiring an additional 804 shares during the period. CWM LLC grew its position in Fidelity MSCI Industrials Index ETF by 227.2% during the third quarter. CWM LLC now owns 553 shares of the company’s stock valued at $30,000 after acquiring an additional 384 shares during the period. Finally, Centennial Wealth Advisory LLC purchased a new stake in Fidelity MSCI Industrials Index ETF during the fourth quarter valued at about $232,000.

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.