Penobscot Wealth Management Boosts Stock Holdings in Fidelity MSCI Industrials Index ETF $FIDU

Penobscot Wealth Management grew its position in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,376 shares of the company’s stock after acquiring an additional 2,471 shares during the quarter. Fidelity MSCI Industrials Index ETF accounts for approximately 0.8% of Penobscot Wealth Management’s portfolio, making the stock its 25th largest holding. Penobscot Wealth Management owned about 0.16% of Fidelity MSCI Industrials Index ETF worth $2,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $30,000. Signature Resources Capital Management LLC bought a new stake in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $43,000. Elite Financial Inc. bought a new stake in Fidelity MSCI Industrials Index ETF in the 1st quarter valued at about $54,000. Godsey & Gibb Inc. raised its stake in Fidelity MSCI Industrials Index ETF by 48.9% in the 2nd quarter. Godsey & Gibb Inc. now owns 761 shares of the company’s stock valued at $59,000 after acquiring an additional 250 shares during the period. Finally, Founders Financial Alliance LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 1,472.3% during the first quarter. Founders Financial Alliance LLC now owns 1,588 shares of the company’s stock valued at $109,000 after buying an additional 1,487 shares during the period.

Fidelity MSCI Industrials Index ETF Stock Up 0.4%

Shares of FIDU opened at $83.08 on Monday. The business’s 50-day moving average price is $81.10 and its 200-day moving average price is $77.11. Fidelity MSCI Industrials Index ETF has a twelve month low of $59.16 and a twelve month high of $83.63. The stock has a market cap of $1.50 billion, a PE ratio of 24.65 and a beta of 1.13.

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.