Large Price Drop of the Fidelity Select Industrial Equipment Fund is Due to Capital Gains Distribution

The Fidelity Select Industrial Equipment Fund experienced a large drop of its net asset value (NAV) on Tuesday. The explanation is that yesterday was the ex-dividend date for this fund and the $5.542 per share dividend was paid out:

fscgx.012418

More information is available at the Fidelity.com website (https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/316390533):

FSCGX_-_Fidelity_®_Select_Industrial_Equipment_Portfolio___Fidelity_Investments.jpg

View fund ratings at FidelitySectorReport.com.

 

.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s