Envestnet Asset Management Inc. Sells 33,755 Shares of Fidelity MSCI Financials Index ETF $FNCL

Envestnet Asset Management Inc. reduced its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,331 shares of the company’s stock after selling 33,755 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of Fidelity MSCI Financials Index ETF worth $4,606,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Caldwell Trust Co bought a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter worth $44,000. SYM FINANCIAL Corp bought a new position in Fidelity MSCI Financials Index ETF during the 2nd quarter worth about $52,000. Howe & Rusling Inc. acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the 2nd quarter valued at about $59,000. Geneos Wealth Management Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 61.0% in the third quarter. Geneos Wealth Management Inc. now owns 1,008 shares of the company’s stock valued at $77,000 after purchasing an additional 382 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Financials Index ETF during the third quarter worth about $81,000.

Fidelity MSCI Financials Index ETF Stock Performance

NYSEARCA:FNCL opened at $72.32 on Tuesday. The stock has a 50-day simple moving average of $77.04 and a 200 day simple moving average of $75.98. Fidelity MSCI Financials Index ETF has a 52-week low of $58.68 and a 52-week high of $80.31. The company has a market cap of $2.29 billion, a PE ratio of 17.73 and a beta of 1.02.

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.