Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Strong Trading Volume – Here’s What Happened

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw strong trading volume on Thursday . 69,719 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 75,797 shares.The stock last traded at $72.88 and had previously closed at $72.39.

Fidelity MSCI Industrials Index ETF Stock Up 1.0 %

The company has a 50 day moving average of $73.62 and a 200 day moving average of $70.89. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIDU. Envestnet Asset Management Inc. raised its position 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 buying an additional 1,561 shares in the last quarter. AE Wealth Management LLC increased its stake in Fidelity MSCI Industrials Index ETF by 14.9% in the 2nd quarter. AE Wealth Management LLC now owns 695,974 shares of the company’s stock valued at $45,496,000 after buying an additional 90,105 shares during the period. Prairie Wealth Advisors Inc. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 4.5% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 6,727 shares of the company’s stock worth $440,000 after purchasing an additional 289 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 624,341 shares of the company’s stock valued at $40,813,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Fidelity MSCI Industrials Index ETF by 3.4% in 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 during 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.