Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 12-Month High – Here’s Why

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s share price reached a new 52-week high on Monday . The company 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 Price Performance

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

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SYM FINANCIAL Corp acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the second quarter worth about $28,000. PNC Financial Services Group Inc. lifted its stake in Fidelity MSCI Industrials Index ETF by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after acquiring an additional 128 shares during the last quarter. Private Trust Co. NA acquired a new position in Fidelity MSCI Industrials Index ETF during the 3rd quarter worth approximately $30,000. MTM Investment Management LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock valued at $73,000 after purchasing an additional 896 shares in the last quarter.

About Fidelity MSCI Industrials Index ETF

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.