Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Unusually-High Trading Volume – Here’s Why

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw unusually-strong trading volume on Wednesday. 595,004 shares traded hands during trading, an increase of 356% from the previous session’s volume of 130,360 shares. The stock last traded at $88.9350 and had previously closed at $89.55.

Fidelity MSCI Industrials Index ETF Stock Up 1.0%

The firm has a market capitalization of $2.19 billion, a P/E ratio of 24.65 and a beta of 1.03. The firm has a 50 day moving average of $93.91 and a 200-day moving average of $93.60.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in Fidelity MSCI Industrials Index ETF by 47.3% in the first quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Motiv8 Investments LLC bought a new stake in Fidelity MSCI Industrials Index ETF during the fourth quarter worth about $83,000. Independent Financial Group LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the first quarter worth about $203,000. Nwam LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the first quarter worth about $209,000. Finally, Safeguard Investment Advisory Group LLC bought a new position in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $215,000.

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.