Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Unusually-High Trading Volume – Here’s Why

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw unusually-strong trading volume on Tuesday . Approximately 471,894 shares traded hands during trading, an increase of 476% from the previous session’s volume of 81,975 shares.The stock last traded at $68.77 and had previously closed at $68.47.

Fidelity MSCI Industrials Index ETF Trading Down 5.5 %

The company has a fifty day moving average price of $71.29 and a two-hundred day moving average price of $72.48. The firm has a market cap of $1.18 billion, a P/E ratio of 24.50 and a beta of 1.14.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Several institutional investors have recently added to or reduced their stakes in FIDU. Versant Capital Management Inc acquired a new position in Fidelity MSCI Industrials Index ETF during the 1st quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC increased its stake in Fidelity MSCI Industrials Index ETF by 1,075.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 470 shares of the company’s stock valued at $33,000 after buying an additional 430 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Fidelity MSCI Industrials Index ETF during the 4th quarter worth about $35,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 51,933.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,561 shares of the company’s stock worth $110,000 after buying an additional 1,558 shares during 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.