Mcrae Capital Management Inc. Makes New $397,000 Investment in Fidelity MSCI Industrials Index ETF $FIDU

Mcrae Capital Management Inc. purchased a new stake in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,123 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Planning Group LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 1.8% in the second quarter. Stonebridge Financial Planning Group LLC now owns 16,547 shares of the company’s stock worth $1,283,000 after buying an additional 294 shares in the last quarter. Advisors Preferred LLC bought a new position in Fidelity MSCI Industrials Index ETF in the 2nd quarter worth about $276,000. Purkiss Capital Advisors LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at about $267,000. SYM FINANCIAL Corp bought a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at about $28,000. Finally, Penobscot Wealth Management grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 9.2% during the second quarter. Penobscot Wealth Management now owns 29,376 shares of the company’s stock worth $2,278,000 after purchasing an additional 2,471 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of FIDU opened at $81.37 on Friday. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $84.07. The company has a market capitalization of $1.47 billion, a P/E ratio of 24.65 and a beta of 1.11. The firm’s 50 day simple moving average is $81.47 and its 200 day simple moving average is $78.08.

Fidelity MSCI Industrials Index ETF Company 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.