Thrivent Financial for Lutherans Lowers Stake in Fidelity MSCI Industrials Index ETF $FIDU

Thrivent Financial for Lutherans decreased its position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,846 shares of the company’s stock after selling 15,155 shares during the quarter. Thrivent Financial for Lutherans owned 0.42% of Fidelity MSCI Industrials Index ETF worth $5,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity MSCI Industrials Index ETF by 17.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 882,815 shares of the company’s stock valued at $68,445,000 after buying an additional 128,115 shares in the last quarter. Lido Advisors LLC boosted its holdings in Fidelity MSCI Industrials Index ETF by 7.9% during the 2nd quarter. Lido Advisors LLC now owns 1,704,467 shares of the company’s stock valued at $132,147,000 after acquiring an additional 125,189 shares during the period. Goldman Sachs Group Inc. acquired a new position in Fidelity MSCI Industrials Index ETF in the 1st quarter valued at about $5,221,000. NewEdge Advisors LLC increased its stake in Fidelity MSCI Industrials Index ETF by 35.8% during the first quarter. NewEdge Advisors LLC now owns 92,845 shares of the company’s stock worth $6,357,000 after purchasing an additional 24,468 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in Fidelity MSCI Industrials Index ETF by 41.8% during the first quarter. Kestra Advisory Services LLC now owns 74,938 shares of the company’s stock worth $5,131,000 after purchasing an additional 22,078 shares during the period.

Fidelity MSCI Industrials Index ETF Stock Performance

NYSEARCA FIDU opened at $82.79 on Friday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. The firm has a 50 day simple moving average of $81.86 and a 200-day simple moving average of $80.22. Fidelity MSCI Industrials Index ETF has a one year low of $59.16 and a one year high of $84.60.

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.