Raymond James Financial Services Advisors Inc. Reduces Stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Raymond James Financial Services Advisors Inc. lowered its holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,169 shares of the company’s stock after selling 631 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in Fidelity MSCI Financials Index ETF by 5.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,400 shares of the company’s stock worth $345,000 after buying an additional 391 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Fidelity MSCI Financials Index ETF during the 3rd quarter worth approximately $373,000. Galvin Gaustad & Stein LLC grew its stake in shares of Fidelity MSCI Financials Index ETF by 74.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 178,176 shares of the company’s stock valued at $9,541,000 after purchasing an additional 76,162 shares during the last quarter. Retirement Planning Group LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 4th quarter valued at approximately $861,000. Finally, Mutual Advisors LLC grew its stake in shares of Fidelity MSCI Financials Index ETF by 1.4% in the 4th quarter. Mutual Advisors LLC now owns 23,934 shares of the company’s stock valued at $1,282,000 after purchasing an additional 342 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Up 0.4 %

Shares of FNCL stock opened at $55.93 on Friday. The business’s 50 day moving average is $57.18 and its two-hundred day moving average is $52.74. Fidelity MSCI Financials Index ETF has a twelve month low of $42.78 and a twelve month high of $59.50. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.78 and a beta of 0.96.

Fidelity MSCI Financials Index ETF Company Profile

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.