Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Unusually-High Trading Volume

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw an uptick in trading volume on Tuesday . 252,683 shares traded hands during mid-day trading, an increase of 304% from the previous session’s volume of 62,589 shares.The stock last traded at $65.87 and had previously closed at $64.87.

Fidelity MSCI Industrials Index ETF Stock Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of 24.55 and a beta of 0.98. The company has a 50-day moving average price of $65.57 and a 200-day moving average price of $60.52.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 227.2% in the third quarter. CWM LLC now owns 553 shares of the company’s stock valued at $30,000 after acquiring an additional 384 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the fourth quarter valued at about $32,000. Simplex Trading LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the third quarter valued at about $36,000. American National Bank increased its position in shares of Fidelity MSCI Industrials Index ETF by 376.7% in the fourth quarter. American National Bank now owns 715 shares of the company’s stock valued at $44,000 after acquiring an additional 565 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the third quarter valued at about $68,000.

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.