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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw unusually-high trading volume on Tuesday . Approximately 471,894 shares changed hands during mid-day trading, an increase of 476% from the previous session’s volume of 81,975 shares.The stock last traded at $68.77 and had previously closed at $68.47.

Fidelity MSCI Industrials Index ETF Stock Up 0.8 %

The stock has a market capitalization of $1.24 billion, a PE ratio of 24.50 and a beta of 1.14. The stock’s 50 day moving average price is $71.52 and its 200-day moving average price is $72.50.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

A number of hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its holdings in Fidelity MSCI Industrials Index ETF by 2.8% in the 4th quarter. Centaurus Financial Inc. now owns 6,693 shares of the company’s stock worth $471,000 after purchasing an additional 181 shares in the last quarter. Buska Wealth Management LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 12.3% during the fourth quarter. Buska Wealth Management LLC now owns 130,988 shares of the company’s stock valued at $9,210,000 after buying an additional 14,304 shares during the last quarter. Smith Shellnut Wilson LLC ADV purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the fourth quarter worth $1,264,000. Heck Capital Advisors LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth $842,000. Finally, Sunbelt Securities Inc. grew its stake in Fidelity MSCI Industrials Index ETF by 48.0% during the fourth quarter. Sunbelt Securities Inc. now owns 22,244 shares of the company’s stock valued at $1,565,000 after acquiring an additional 7,214 shares in 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.