Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 12-Month High – Should You Buy?

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $87.41 and last traded at $87.3070, with a volume of 12751 shares. The stock had previously closed at $86.98.

Fidelity MSCI Industrials Index ETF Stock Performance

The company has a market capitalization of $1.64 billion, a PE ratio of 24.65 and a beta of 1.11. The company has a 50 day moving average price of $82.48 and a 200 day moving average price of $81.24.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SYM FINANCIAL Corp acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $28,000. PNC Financial Services Group Inc. grew its stake in Fidelity MSCI Industrials Index ETF by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares in the last quarter. Hilltop National Bank bought a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at about $30,000. Private Trust Co. NA acquired a new stake in Fidelity MSCI Industrials Index ETF during the third quarter valued at approximately $30,000. Finally, MTM Investment Management LLC bought a new position in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth approximately $37,000.

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.