Truist Financial Corp Purchases 3,773 Shares of Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU)

Truist Financial Corp increased its holdings in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) by 21.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,433 shares of the company’s stock after purchasing an additional 3,773 shares during the period. Truist Financial Corp’s holdings in Fidelity MSCI Industrials Index ETF were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Arkadios Wealth Advisors purchased a new stake in Fidelity MSCI Industrials Index ETF in the 3rd quarter worth approximately $207,000. J.W. Cole Advisors Inc. increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 16.4% in the third quarter. J.W. Cole Advisors Inc. now owns 4,803 shares of the company’s stock worth $347,000 after purchasing an additional 675 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF in the third quarter worth $256,000. Penobscot Wealth Management boosted its stake in Fidelity MSCI Industrials Index ETF by 11.1% during the third quarter. Penobscot Wealth Management now owns 14,641 shares of the company’s stock valued at $1,057,000 after buying an additional 1,463 shares during the period. Finally, Armor Investment Advisors LLC grew its position in Fidelity MSCI Industrials Index ETF by 1.7% during the third quarter. Armor Investment Advisors LLC now owns 25,271 shares of the company’s stock worth $1,824,000 after buying an additional 430 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Stock Down 0.6 %

Shares of NYSEARCA FIDU opened at $70.82 on Friday. The stock’s 50-day simple moving average is $72.32 and its two-hundred day simple moving average is $72.28. Fidelity MSCI Industrials Index ETF has a twelve month low of $63.69 and a twelve month high of $77.59. The firm has a market capitalization of $1.14 billion, a P/E ratio of 25.35 and a beta of 0.97.

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.