Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sets New 52-Week High – Time to Buy?

Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) hit a new 52-week high on Thursday . The stock traded as high as $99.07 and last traded at $98.83, with a volume of 11223 shares. The stock had previously closed at $97.06.

Fidelity MSCI Industrials Index ETF Trading Down 1.8%

The company has a market cap of $2.14 billion, a P/E ratio of 24.65 and a beta of 1.04. The company’s 50-day moving average price is $94.37 and its two-hundred day moving average price is $90.64.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Several institutional investors have recently added to or reduced their stakes in FIDU. Royal Bank of Canada lifted its position in shares of Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock worth $8,354,000 after buying an additional 1,853 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Fidelity MSCI Industrials Index ETF by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after acquiring an additional 410 shares during the period. Jones Financial Companies Lllp boosted its stake in Fidelity MSCI Industrials Index ETF by 135.0% in the first quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock valued at $684,000 after acquiring an additional 5,737 shares during the period. Goldman Sachs Group Inc. acquired a new position in Fidelity MSCI Industrials Index ETF in the first quarter valued at approximately $5,221,000. Finally, Jane Street Group LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF during the first quarter valued at approximately $752,000.

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.