Raymond James Financial Inc. Makes New $554,000 Investment in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Raymond James Financial Inc. acquired a new stake in shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,883 shares of the company’s stock, valued at approximately $554,000.

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

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU stock opened at $71.32 on Friday. The firm has a fifty day moving average of $67.75 and a 200-day moving average of $71.37. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 24.91 and a beta of 1.07. Fidelity MSCI Industrials Index ETF has a 52-week low of $59.16 and a 52-week high of $77.59.

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.