Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 1-Year High – Still a Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s share price hit a new 52-week high on Monday . The stock traded as high as $92.93 and last traded at $92.7590, with a volume of 122702 shares traded. The stock had previously closed at $90.04.

Fidelity MSCI Industrials Index ETF Stock Performance

The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. The company has a 50 day moving average price of $85.80 and a 200 day moving average price of $82.72.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of institutional investors have recently made changes to their positions in FIDU. AE Wealth Management LLC increased its stake in Fidelity MSCI Industrials Index ETF by 12.5% during the third quarter. AE Wealth Management LLC now owns 1,051,799 shares of the company’s stock worth $86,184,000 after purchasing an additional 117,011 shares during the period. AGF Management Ltd. grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the second quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock valued at $22,322,000 after purchasing an additional 4,250 shares in the last quarter. Cetera Investment Advisers increased its stake in Fidelity MSCI Industrials Index ETF by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 33,859 shares of the company’s stock worth $2,625,000 after buying an additional 726 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 23.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after buying an additional 77,068 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth approximately $213,000.

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.