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

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) reached a new 52-week high on Wednesday . The stock traded as high as $72.42 and last traded at $72.42, with a volume of 4680 shares traded. The stock had previously closed at $72.14.

Fidelity MSCI Industrials Index ETF Price Performance

The firm has a 50 day moving average of $69.22 and a two-hundred day moving average of $67.36. The stock has a market cap of $1.16 billion, a PE ratio of 25.35 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. increased its position in Fidelity MSCI Industrials Index ETF by 3.5% during the second quarter. Valley Brook Capital Group Inc. now owns 5,136 shares of the company’s stock worth $336,000 after buying an additional 175 shares during the period. Stonebridge Financial Planning Group LLC increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.4% in the second quarter. Stonebridge Financial Planning Group LLC now owns 15,733 shares of the company’s stock valued at $1,028,000 after purchasing an additional 221 shares during the period. Comerica Bank increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 14.0% in the first quarter. Comerica Bank now owns 2,288 shares of the company’s stock valued at $155,000 after purchasing an additional 281 shares during the period. Prairie Wealth Advisors Inc. increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 4.5% in the second quarter. Prairie Wealth Advisors Inc. now owns 6,727 shares of the company’s stock valued at $440,000 after purchasing an additional 289 shares during the period. Finally, Brookstone Capital Management increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 8.7% in the third quarter. Brookstone Capital Management now owns 4,404 shares of the company’s stock valued at $318,000 after purchasing an additional 352 shares during the period.

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.