Fortitude Advisory Group L.L.C. Invests $242,000 in Fidelity MSCI Industrials Index ETF $FIDU

Fortitude Advisory Group L.L.C. bought a new position in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,122 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also made changes to their positions in the business. Yoder Wealth Management Inc. boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 6.9% during the second quarter. Yoder Wealth Management Inc. now owns 69,564 shares of the company’s stock worth $5,393,000 after buying an additional 4,498 shares during the period. Hilltop National Bank acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the second quarter worth about $30,000. Fifth Third Securities Inc. lifted its position in Fidelity MSCI Industrials Index ETF by 2.5% in the second quarter. Fifth Third Securities Inc. now owns 27,519 shares of the company’s stock valued at $2,134,000 after purchasing an additional 676 shares during the period. Smith Salley Wealth Management lifted its position in Fidelity MSCI Industrials Index ETF by 0.5% in the second quarter. Smith Salley Wealth Management now owns 30,934 shares of the company’s stock valued at $2,398,000 after purchasing an additional 155 shares during the period. Finally, Signature Resources Capital Management LLC acquired a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at about $43,000.

Fidelity MSCI Industrials Index ETF Stock Up 0.3%

Shares of NYSEARCA:FIDU opened at $82.37 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 24.65 and a beta of 1.13. Fidelity MSCI Industrials Index ETF has a 52 week low of $59.16 and a 52 week high of $82.84. The company has a 50-day moving average price of $80.57 and a 200 day moving average price of $75.49.

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.