Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Strong Trading Volume – What’s Next?

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw unusually-high trading volume on Tuesday . Approximately 390,328 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 127,757 shares.The stock last traded at $74.1050 and had previously closed at $73.91.

Fidelity MSCI Financials Index ETF Stock Performance

The firm has a market cap of $2.35 billion, a P/E ratio of 17.73 and a beta of 1.02. The stock has a fifty day simple moving average of $75.57 and a 200 day simple moving average of $73.54.

Institutional Trading of Fidelity MSCI Financials Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of FNCL. AGF Management Ltd. increased its holdings in shares of Fidelity MSCI Financials Index ETF by 47.4% in the 3rd quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock worth $65,186,000 after purchasing an additional 274,708 shares in the last quarter. Independence Financial Advisors LLC bought a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter worth $9,710,000. Modern Wealth Management LLC grew its holdings in shares of Fidelity MSCI Financials Index ETF by 139.9% in the second quarter. Modern Wealth Management LLC now owns 137,539 shares of the company’s stock worth $10,183,000 after acquiring an additional 80,205 shares during the period. LPL Financial LLC grew its holdings in shares of Fidelity MSCI Financials Index ETF by 26.8% in the first quarter. LPL Financial LLC now owns 284,906 shares of the company’s stock worth $19,807,000 after acquiring an additional 60,293 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Fidelity MSCI Financials Index ETF by 120.4% in the second quarter. Ameriprise Financial Inc. now owns 103,983 shares of the company’s stock worth $7,702,000 after acquiring an additional 56,806 shares during the period.

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.