Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 52-Week High – Here’s Why

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high on Wednesday . The stock traded as high as $78.94 and last traded at $78.94, with a volume of 312 shares traded. The stock had previously closed at $72.87.

Fidelity MSCI Industrials Index ETF Stock Up 1.0 %

The business’s 50-day simple moving average is $71.69 and its two-hundred day simple moving average is $68.39. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth approximately $43,000. International Assets Investment Management LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the second quarter valued at $48,000. American National Bank boosted its holdings in Fidelity MSCI Industrials Index ETF by 38.5% in the second quarter. American National Bank now owns 1,614 shares of the company’s stock valued at $106,000 after purchasing an additional 449 shares during the period. Gradient Investments LLC acquired a new position in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth $117,000. Finally, American National Bank & Trust increased its holdings in Fidelity MSCI Industrials Index ETF by 37.1% during the 3rd quarter. American National Bank & Trust now owns 2,212 shares of the company’s stock worth $160,000 after purchasing an additional 598 shares during the period.

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.