Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Volume Increase

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw an uptick in trading volume on Thursday . 1,880,634 shares traded hands during mid-day trading, an increase of 2,077% from the previous session’s volume of 86,369 shares.The stock last traded at $65.03 and had previously closed at $64.90.

Fidelity MSCI Industrials Index ETF Trading Up 0.7 %

The firm’s 50 day simple moving average is $65.89 and its 200-day simple moving average is $61.02. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.55 and a beta of 0.98.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIDU. Valley Brook Capital Group Inc. grew its position in shares of Fidelity MSCI Industrials Index ETF by 5.1% in the 1st quarter. Valley Brook Capital Group Inc. now owns 4,961 shares of the company’s stock valued at $336,000 after acquiring an additional 240 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 1.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 256,828 shares of the company’s stock valued at $17,416,000 after acquiring an additional 3,259 shares during the period. Armor Investment Advisors LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 5.4% in the 1st quarter. Armor Investment Advisors LLC now owns 22,894 shares of the company’s stock valued at $1,552,000 after acquiring an additional 1,167 shares during the period. Essex Financial Services Inc. grew its position in shares of Fidelity MSCI Industrials Index ETF by 48.6% in the 1st quarter. Essex Financial Services Inc. now owns 11,233 shares of the company’s stock valued at $762,000 after acquiring an additional 3,674 shares during the period. Finally, Centennial Wealth Advisory LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 16.8% in the 1st quarter. Centennial Wealth Advisory LLC now owns 4,418 shares of the company’s stock valued at $300,000 after acquiring an additional 636 shares during the period.

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.