J.W. Cole Advisors Inc. Takes Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

J.W. Cole Advisors Inc. purchased a new position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,491 shares of the company’s stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lido Advisors LLC grew its stake in Fidelity MSCI Financials Index ETF by 4.5% in the third quarter. Lido Advisors LLC now owns 1,965,377 shares of the company’s stock valued at $91,508,000 after purchasing an additional 85,382 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 352,560 shares of the company’s stock valued at $16,415,000 after buying an additional 8,492 shares during the last quarter. 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 buying an additional 76,162 shares in the last quarter. Stifel Financial Corp increased its holdings in Fidelity MSCI Financials Index ETF by 1.2% in the third quarter. Stifel Financial Corp now owns 149,965 shares of the company’s stock worth $6,982,000 after buying an additional 1,729 shares during the last quarter. Finally, Q3 Asset Management bought a new position in Fidelity MSCI Financials Index ETF during the fourth quarter valued at approximately $4,112,000.

Fidelity MSCI Financials Index ETF Stock Down 0.1 %

NYSEARCA FNCL opened at $57.85 on Thursday. The stock has a market capitalization of $1.62 billion, a PE ratio of 14.78 and a beta of 0.96. Fidelity MSCI Financials Index ETF has a 12-month low of $42.78 and a 12-month high of $59.50. The company has a 50 day moving average price of $57.38 and a two-hundred day moving average price of $53.11.

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.