Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Shares Down 1.1% – Here’s Why

by · The Markets Daily

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) shares traded down 1.1% during mid-day trading on Monday. The stock traded as low as $76.81 and last traded at $76.84. 134,628 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 126,992 shares. The stock had previously closed at $77.73.

Fidelity MSCI Financials Index ETF Stock Performance

The firm has a market capitalization of $2.26 billion, a PE ratio of 17.73 and a beta of 0.89. The company’s 50-day moving average price is $81.17 and its 200-day moving average price is $76.66.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 17.2% in the 1st quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock valued at $17,002,000 after purchasing an additional 35,569 shares during the last quarter. Strategic Point Investment Advisors LLC increased its stake in Fidelity MSCI Financials Index ETF by 2.8% in the 2nd quarter. Strategic Point Investment Advisors LLC now owns 224,324 shares of the company’s stock valued at $17,174,000 after buying an additional 6,051 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Financials Index ETF by 4.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,088 shares of the company’s stock worth $17,032,000 after acquiring an additional 10,040 shares during the period. Procyon Advisors LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 19.2% during the 1st quarter. Procyon Advisors LLC now owns 155,754 shares of the company’s stock worth $10,934,000 after buying an additional 25,067 shares in the last quarter. Finally, Yoder Wealth Management Inc. boosted its position in shares of Fidelity MSCI Financials Index ETF by 14.5% during the 1st quarter. Yoder Wealth Management Inc. now owns 93,649 shares of the company’s stock worth $6,574,000 after purchasing an additional 11,835 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

(Get Free Report)

The Fidelity MSCI Financials Index ETF (FNCL) is an exchange-traded fund that is based on the MSCI USA IMI Financials 25\u002F50 index, a market-cap-weighted index of US financial companies across the entire market-cap spectrum. FNCL was launched on Oct 21, 2013 and is managed by Fidelity.

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