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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) 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

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.