Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Strong Trading Volume – Should You Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw unusually-strong trading volume on Thursday . Approximately 69,719 shares changed hands during 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 Price Performance

The business’s 50-day simple moving average is $73.52 and its 200-day simple moving average is $70.97. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 25.35 and a beta of 0.97.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Industrials Index ETF during the 4th quarter worth $31,000. American National Bank & Trust boosted its stake in Fidelity MSCI Industrials Index ETF by 37.1% in the 3rd quarter. American National Bank & Trust now owns 2,212 shares of the company’s stock worth $160,000 after buying an additional 598 shares during the last quarter. Selective Wealth Management Inc. acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at about $207,000. Arkadios Wealth Advisors acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at about $207,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter worth about $211,000.

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.