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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) shares saw strong trading volume on Tuesday . 471,894 shares changed hands during 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 Trading Up 0.8 %

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

Institutional Trading of Fidelity MSCI Industrials Index ETF

Several large investors have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Industrials Index ETF in the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC grew its stake in Fidelity MSCI Industrials Index ETF by 1,075.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 470 shares of the company’s stock valued at $33,000 after purchasing an additional 430 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in Fidelity MSCI Industrials Index ETF in the 4th quarter worth about $35,000. Global Retirement Partners LLC raised its stake in shares of Fidelity MSCI Industrials Index ETF by 51,933.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,561 shares of the company’s stock worth $110,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 5,792.9% during the 4th quarter. Principal Securities Inc. now owns 1,650 shares of the company’s stock worth $116,000 after purchasing an additional 1,622 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.