Trail Ridge Investment Advisors LLC Has $1.68 Million Stock Position in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Trail Ridge Investment Advisors LLC boosted its stake in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,157 shares of the company’s stock after acquiring an additional 556 shares during the period. Trail Ridge Investment Advisors LLC’s holdings in Fidelity MSCI Industrials Index ETF were worth $1,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the second quarter worth $43,000. International Assets Investment Management LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter worth about $48,000. American National Bank raised its position in shares of Fidelity MSCI Industrials Index ETF by 38.5% in the 2nd quarter. American National Bank now owns 1,614 shares of the company’s stock worth $106,000 after acquiring an additional 449 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $117,000. Finally, Comerica Bank boosted its position in shares of Fidelity MSCI Industrials Index ETF by 14.0% during the 1st quarter. Comerica Bank now owns 2,288 shares of the company’s stock valued at $155,000 after purchasing an additional 281 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA FIDU opened at $72.42 on Tuesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 25.35 and a beta of 0.97. The business has a 50 day simple moving average of $70.94 and a 200 day simple moving average of $67.92. Fidelity MSCI Industrials Index ETF has a one year low of $51.29 and a one year high of $74.30.

Fidelity MSCI Industrials Index ETF 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.