Gradient Investments LLC Makes New $117,000 Investment in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Gradient Investments LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,791 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds have also recently added to or reduced their stakes in FIDU. International Assets Investment Management LLC bought a new position in Fidelity MSCI Industrials Index ETF during the 4th quarter worth $2,781,000. Atria Wealth Solutions Inc. bought a new position in shares of Fidelity MSCI Industrials Index ETF in the 4th quarter valued at $221,000. VCI Wealth Management LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF in the 4th quarter valued at $2,820,000. Kestra Private Wealth Services LLC increased its stake in shares of Fidelity MSCI Industrials Index ETF by 4.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 26,070 shares of the company’s stock valued at $1,596,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Valley Brook Capital Group Inc. increased its stake in shares of Fidelity MSCI Industrials Index ETF by 4.1% in the 4th quarter. Valley Brook Capital Group Inc. now owns 4,721 shares of the company’s stock valued at $289,000 after purchasing an additional 185 shares during the last quarter.

Fidelity MSCI Industrials Index ETF Stock Down 0.4 %

Shares of FIDU traded down $0.24 during midday trading on Friday, hitting $67.89. The company’s stock had a trading volume of 53,133 shares, compared to its average volume of 76,876. Fidelity MSCI Industrials Index ETF has a one year low of $50.98 and a one year high of $69.76. The company’s fifty day simple moving average is $66.36 and its two-hundred day simple moving average is $65.78. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

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.