Fidelity MSCI Financials Index ETF $FNCL Stock Position Reduced by Algorithmic Investment Models LLC

Algorithmic Investment Models LLC trimmed its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 22.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,876 shares of the company’s stock after selling 18,283 shares during the quarter. Fidelity MSCI Financials Index ETF comprises 3.3% of Algorithmic Investment Models LLC’s portfolio, making the stock its 15th largest position. Algorithmic Investment Models LLC owned approximately 0.20% of Fidelity MSCI Financials Index ETF worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caldwell Trust Co acquired a new position in Fidelity MSCI Financials Index ETF in the 2nd quarter worth approximately $44,000. SYM FINANCIAL Corp acquired a new stake in Fidelity MSCI Financials Index ETF in the second quarter valued at approximately $52,000. Howe & Rusling Inc. bought a new stake in Fidelity MSCI Financials Index ETF in the second quarter worth $59,000. Geneos Wealth Management Inc. boosted its stake in shares of Fidelity MSCI Financials Index ETF by 61.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,008 shares of the company’s stock worth $77,000 after acquiring an additional 382 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Fidelity MSCI Financials Index ETF by 133.9% during the third quarter. Assetmark Inc. now owns 1,048 shares of the company’s stock valued at $80,000 after purchasing an additional 600 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.6%

NYSEARCA FNCL opened at $74.87 on Monday. Fidelity MSCI Financials Index ETF has a twelve month low of $58.68 and a twelve month high of $80.31. The stock has a market cap of $2.37 billion, a P/E ratio of 17.73 and a beta of 1.02. The company’s 50-day simple moving average is $77.15 and its 200 day simple moving average is $75.98.

Fidelity MSCI Financials Index ETF 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.