Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 1-Year High – What’s Next?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $99.07 and last traded at $98.83, with a volume of 11223 shares changing hands. The stock had previously closed at $97.06.

Fidelity MSCI Industrials Index ETF Trading Up 2.9%

The stock has a market cap of $2.20 billion, a P/E ratio of 24.65 and a beta of 1.04. The firm’s 50-day simple moving average is $94.16 and its 200 day simple moving average is $90.48.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock worth $8,354,000 after buying an additional 1,853 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Fidelity MSCI Industrials Index ETF by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after acquiring an additional 410 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Fidelity MSCI Industrials Index ETF by 135.0% in the first quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock worth $684,000 after purchasing an additional 5,737 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Fidelity MSCI Industrials Index ETF in the first quarter worth $5,221,000. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the first quarter valued at $752,000.

Fidelity MSCI Industrials Index ETF Company 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.