Advisory Services Network LLC Trims Stake in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Advisory Services Network LLC decreased its stake in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 80.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,929 shares of the company’s stock after selling 49,471 shares during the quarter. Advisory Services Network LLC’s holdings in Fidelity MSCI Industrials Index ETF were worth $839,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 318.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 134,621 shares of the company’s stock valued at $9,641,000 after acquiring an additional 102,458 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 57.0% during the fourth quarter. LPL Financial LLC now owns 148,168 shares of the company’s stock worth $10,418,000 after buying an additional 53,813 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF in the fourth quarter valued at approximately $3,669,000. Grant GrossMendelsohn LLC purchased a new position in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter valued at approximately $3,256,000. Finally, Jane Street Group LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the third quarter worth approximately $1,629,000.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU opened at $66.45 on Tuesday. Fidelity MSCI Industrials Index ETF has a fifty-two week low of $59.16 and a fifty-two week high of $77.59. The company has a market capitalization of $1.21 billion, a PE ratio of 22.78 and a beta of 1.07. The stock has a fifty day moving average of $69.38 and a two-hundred day moving average of $71.99.

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.