Envestnet Asset Management Inc. Cuts Position in Fidelity MSCI Industrials Index ETF $FIDU

Envestnet Asset Management Inc. trimmed its stake in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 50.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,283 shares of the company’s stock after selling 33,586 shares during the period. Envestnet Asset Management Inc. owned 0.18% of Fidelity MSCI Industrials Index ETF worth $2,727,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. SYM FINANCIAL Corp purchased a new position in Fidelity MSCI Industrials Index ETF in the second quarter valued at about $28,000. PNC Financial Services Group Inc. boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 51.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after buying an additional 128 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the 3rd quarter worth approximately $30,000. MTM Investment Management LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth approximately $37,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after acquiring an additional 896 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Stock Down 0.5%

Shares of FIDU opened at $94.24 on Thursday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a twelve month low of $59.16 and a twelve month high of $95.47. The company has a 50 day moving average of $88.74 and a two-hundred day moving average of $83.93.

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.