Truist Financial Corp Raises Stake in Fidelity MSCI Financials Index ETF $FNCL

Truist Financial Corp boosted its holdings in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,592 shares of the company’s stock after purchasing an additional 510 shares during the period. Truist Financial Corp’s holdings in Fidelity MSCI Financials Index ETF were worth $784,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNCL. CX Institutional purchased a new position in Fidelity MSCI Financials Index ETF during the 1st quarter worth $27,000. Spire Wealth Management boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 300.0% in the first quarter. Spire Wealth Management now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter valued at about $32,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter valued at about $33,000.

Fidelity MSCI Financials Index ETF Stock Up 1.4%

Shares of NYSEARCA:FNCL opened at $75.59 on Wednesday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 17.73 and a beta of 1.08. The firm’s 50-day simple moving average is $75.78 and its 200-day simple moving average is $72.43. Fidelity MSCI Financials Index ETF has a fifty-two week low of $58.68 and a fifty-two week high of $77.67.

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.