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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDUGet Free Report) shares saw unusually-high trading volume on Friday . Approximately 398,338 shares traded hands during mid-day trading, an increase of 405% from the previous session’s volume of 78,919 shares.The stock last traded at $71.58 and had previously closed at $71.42.

Fidelity MSCI Industrials Index ETF Price Performance

The company has a fifty day moving average of $71.15 and a 200 day moving average of $68.01. The firm has a market capitalization of $1.15 billion, a P/E ratio of 25.35 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at $274,000. Cetera Investment Advisers boosted its holdings in Fidelity MSCI Industrials Index ETF by 16.7% in the second quarter. Cetera Investment Advisers now owns 15,807 shares of the company’s stock worth $1,033,000 after acquiring an additional 2,263 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 1,561 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Fidelity MSCI Industrials Index ETF by 3.4% in 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 period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 624,341 shares of the company’s stock valued at $40,813,000 after acquiring an additional 9,222 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Company Profile

(Get Free Report)

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.

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