Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Volume Increase – Should You Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw an uptick in trading volume on Thursday . 1,621,530 shares were traded during trading, an increase of 837% from the previous session’s volume of 172,989 shares.The stock last traded at $88.7750 and had previously closed at $88.53.

Fidelity MSCI Industrials Index ETF Stock Performance

The business has a 50-day moving average of $84.43 and a 200-day moving average of $82.17. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 51.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. Mcrae Capital Management Inc. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 2.9% during the 3rd quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock worth $432,000 after buying an additional 149 shares during the last quarter. Primoris Wealth Advisors LLC increased its holdings in Fidelity MSCI Industrials Index ETF by 2.0% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $625,000 after acquiring an additional 150 shares in the last quarter. Trail Ridge Investment Advisors LLC lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.1% in the third quarter. Trail Ridge Investment Advisors LLC now owns 15,356 shares of the company’s stock valued at $1,258,000 after purchasing an additional 171 shares in the last quarter. Finally, Choreo LLC increased its stake in shares of Fidelity MSCI Industrials Index ETF by 7.0% during the 4th quarter. Choreo LLC now owns 3,214 shares of the company’s stock worth $268,000 after purchasing an additional 211 shares in the last quarter.

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.