5,870 Shares in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new stake in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,870 shares of the company’s stock, valued at approximately $424,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Fidelity MSCI Industrials Index ETF in the second quarter valued at about $274,000. Cetera Investment Advisers increased its holdings in Fidelity MSCI Industrials Index ETF by 16.7% in the second quarter. Cetera Investment Advisers now owns 15,807 shares of the company’s stock valued at $1,033,000 after buying an additional 2,263 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity MSCI Industrials Index ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 75,016 shares of the company’s stock worth $4,904,000 after purchasing an additional 1,561 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Fidelity MSCI Industrials Index ETF by 3.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,488 shares of the company’s stock worth $947,000 after purchasing an additional 480 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 624,341 shares of the company’s stock worth $40,813,000 after purchasing an additional 9,222 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of FIDU opened at $72.26 on Friday. The firm has a 50 day simple moving average of $70.77 and a 200-day simple moving average of $67.83. Fidelity MSCI Industrials Index ETF has a 1-year low of $50.98 and a 1-year high of $74.30. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

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.