Grant GrossMendelsohn LLC Invests $3.26 Million in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Grant GrossMendelsohn LLC bought a new position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 46,306 shares of the company’s stock, valued at approximately $3,256,000. Fidelity MSCI Industrials Index ETF comprises approximately 1.7% of Grant GrossMendelsohn LLC’s portfolio, making the stock its 13th biggest holding. Grant GrossMendelsohn LLC owned 0.29% of Fidelity MSCI Industrials Index ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in Fidelity MSCI Industrials Index ETF in the third quarter valued at $2,321,000. Jane Street Group LLC purchased a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at about $1,629,000. Cetera Investment Advisers raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 16.7% during the 2nd 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. boosted its stake in Fidelity MSCI Industrials Index ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 75,016 shares of the company’s stock worth $4,904,000 after buying an additional 1,561 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in Fidelity MSCI Industrials Index ETF by 3.4% during the second quarter. Sunbelt Securities Inc. now owns 14,488 shares of the company’s stock valued at $947,000 after acquiring an additional 480 shares during the last quarter.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of Fidelity MSCI Industrials Index ETF stock opened at $73.60 on Friday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97. The company has a fifty day moving average of $73.52 and a 200-day moving average of $70.97. Fidelity MSCI Industrials Index ETF has a 52-week low of $59.15 and a 52-week high of $77.59.

Fidelity MSCI Industrials Index ETF 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.