Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Volume Increase – Time to Buy?

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw unusually-strong trading volume on Wednesday. 595,004 shares were traded during mid-day trading, an increase of 356% from the previous session’s volume of 130,360 shares. The stock last traded at $88.9350 and had previously closed at $89.55.

Fidelity MSCI Industrials Index ETF Stock Performance

The company has a 50-day simple moving average of $94.19 and a two-hundred day simple moving average of $93.59. The firm has a market capitalization of $2.18 billion, a P/E ratio of 24.65 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIDU. Parallel Advisors LLC boosted its position in shares of Fidelity MSCI Industrials Index ETF by 47.3% during the first quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in Fidelity MSCI Industrials Index ETF by 4.0% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 3,247 shares of the company’s stock worth $268,000 after purchasing an additional 124 shares in the last quarter. Roxbury Financial LLC lifted its position in Fidelity MSCI Industrials Index ETF by 1.2% during the second quarter. Roxbury Financial LLC now owns 14,605 shares of the company’s stock valued at $1,455,000 after buying an additional 178 shares during the period. Pathway Financial Advisers LLC lifted its position in Fidelity MSCI Industrials Index ETF by 5.1% during the first quarter. Pathway Financial Advisers LLC now owns 4,620 shares of the company’s stock valued at $400,000 after buying an additional 223 shares during the period. Finally, Lifeworks Advisors LLC boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 0.3% during the 1st quarter. Lifeworks Advisors LLC now owns 112,300 shares of the company’s stock valued at $9,716,000 after buying an additional 382 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.