Northwestern Mutual Wealth Management Co. Sells 879,284 Shares of Fidelity MSCI Industrials Index ETF $FIDU

Northwestern Mutual Wealth Management Co. reduced its position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 96.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,190 shares of the company’s stock after selling 879,284 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Industrials Index ETF were worth $2,573,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.9% in the 3rd quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock valued at $142,296,000 after purchasing an additional 32,118 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 24.3% in the 4th quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock valued at $107,844,000 after purchasing an additional 255,717 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.1% in the 4th quarter. Sanctuary Advisors LLC now owns 173,919 shares of the company’s stock valued at $14,345,000 after purchasing an additional 1,851 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 5,801.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock valued at $13,219,000 after purchasing an additional 158,598 shares during the last quarter. Finally, Independence Financial Advisors LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 3.0% in the 4th quarter. Independence Financial Advisors LLC now owns 136,703 shares of the company’s stock valued at $11,275,000 after purchasing an additional 3,976 shares during the last quarter.

Fidelity MSCI Industrials Index ETF Stock Performance

NYSEARCA:FIDU opened at $93.08 on Tuesday. The firm’s fifty day moving average is $91.02 and its 200-day moving average is $88.26. Fidelity MSCI Industrials Index ETF has a 52 week low of $73.01 and a 52 week high of $96.19. The firm has a market cap of $2.05 billion, a P/E ratio of 24.65 and a beta of 1.06.

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.