Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 1-Year High – Here’s Why

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) hit a new 52-week high during trading on Friday . The stock traded as high as $75.89 and last traded at $75.46, with a volume of 1106 shares trading hands. The stock had previously closed at $75.46.

Fidelity MSCI Financials Index ETF Trading Down 1.1%

The stock has a 50-day moving average of $73.66 and a two-hundred day moving average of $71.00. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 17.73 and a beta of 1.08.

Institutional Trading of Fidelity MSCI Financials Index ETF

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF by 2.6% during the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the company’s stock valued at $476,000 after acquiring an additional 161 shares during the period. Sunbelt Securities Inc. grew its position in Fidelity MSCI Financials Index ETF by 1.6% during the 1st quarter. Sunbelt Securities Inc. now owns 10,981 shares of the company’s stock worth $763,000 after purchasing an additional 178 shares in the last quarter. Valley Brook Capital Group Inc. grew its position in Fidelity MSCI Financials Index ETF by 4.4% during the 1st quarter. Valley Brook Capital Group Inc. now owns 4,419 shares of the company’s stock worth $307,000 after purchasing an additional 186 shares in the last quarter. Prairie Wealth Advisors Inc. raised its stake in Fidelity MSCI Financials Index ETF by 2.8% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 7,045 shares of the company’s stock valued at $522,000 after purchasing an additional 195 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.6% in the fourth quarter. Centaurus Financial Inc. now owns 8,584 shares of the company’s stock valued at $590,000 after purchasing an additional 214 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

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.