Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 1-Year High – Should You Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $90.08 and last traded at $89.3740, with a volume of 15870 shares traded. The stock had previously closed at $89.56.

Fidelity MSCI Industrials Index ETF Price Performance

The stock’s 50-day simple moving average is $83.89 and its two-hundred day simple moving average is $81.95. The firm has a market cap of $1.66 billion, a P/E ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

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

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.