Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Hits New 12-Month High – Time to Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.32 and last traded at $77.32, with a volume of 2127 shares. The stock had previously closed at $76.55.

Fidelity MSCI Industrials Index ETF Stock Performance

The company’s 50-day simple moving average is $73.37 and its 200 day simple moving average is $69.24. The company has a market cap of $1.24 billion, a PE ratio of 25.35 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $43,000. International Assets Investment Management LLC acquired a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at approximately $48,000. American National Bank raised its holdings in Fidelity MSCI Industrials Index ETF by 38.5% in the second quarter. American National Bank now owns 1,614 shares of the company’s stock valued at $106,000 after acquiring an additional 449 shares in the last quarter. Gradient Investments LLC purchased a new position in Fidelity MSCI Industrials Index ETF in the second quarter worth approximately $117,000. Finally, Comerica Bank grew its holdings in Fidelity MSCI Industrials Index ETF by 14.0% during the 1st quarter. Comerica Bank now owns 2,288 shares of the company’s stock worth $155,000 after acquiring an additional 281 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.