Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Reaches New 1-Year High – Here’s Why

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) reached a new 52-week high during trading on Monday . The stock traded as high as $77.32 and last traded at $77.32, with a volume of 2127 shares traded. The stock had previously closed at $76.55.

Fidelity MSCI Industrials Index ETF Stock Performance

The stock has a 50-day simple moving average of $73.09 and a two-hundred day simple moving average of $69.10. The firm has a market cap of $1.24 billion, a PE ratio of 25.35 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the second quarter worth approximately $274,000. Cetera Investment Advisers boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 16.7% during the 2nd quarter. Cetera Investment Advisers now owns 15,807 shares of the company’s stock worth $1,033,000 after acquiring an additional 2,263 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 75,016 shares of the company’s stock worth $4,904,000 after acquiring an additional 1,561 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Fidelity MSCI Industrials Index ETF by 3.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,488 shares of the company’s stock valued at $947,000 after acquiring an additional 480 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 624,341 shares of the company’s stock worth $40,813,000 after purchasing an additional 9,222 shares in the last quarter.

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.