Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Shares Break Above 50 Day Moving Average – Here’s What Happened

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $89.68 and traded as high as $90.96. Fidelity MSCI Industrials Index ETF shares last traded at $90.75, with a volume of 252,162 shares.

Fidelity MSCI Industrials Index ETF Stock Up 1.3%

The firm has a market cap of $2.32 billion, a P/E ratio of 26.35 and a beta of 1.04. The business has a fifty day moving average of $89.68 and a 200 day moving average of $92.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIDU. Private Advisor Group LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at $875,000. Colonial Trust Co SC grew its stake in Fidelity MSCI Industrials Index ETF by 25.0% in the third quarter. Colonial Trust Co SC now owns 699 shares of the company’s stock valued at $62,000 after acquiring an additional 140 shares during the period. Boston Partners acquired a new position in Fidelity MSCI Industrials Index ETF in the third quarter valued at about $2,566,000. OneAscent Financial Services LLC increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 93.2% in the third quarter. OneAscent Financial Services LLC now owns 6,328 shares of the company’s stock worth $561,000 after acquiring an additional 3,053 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the third quarter worth about $250,000.

About Fidelity MSCI Industrials Index ETF

(Get Free Report)

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.

Further Reading

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