Fidelity MSCI Financials Index ETF $FNCL Stake Lessened by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 71.6% during the first quarter, Holdings Channel.com reports. The fund owned 4,137 shares of the company’s stock after selling 10,405 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. AlphaCore Capital LLC raised its holdings in Fidelity MSCI Financials Index ETF by 833.3% during the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares in the last quarter. Longview Financial Advisors Inc. bought a new position in Fidelity MSCI Financials Index ETF during the 1st quarter valued at $39,000. Colonial Trust Co SC boosted its stake in Fidelity MSCI Financials Index ETF by 56.9% during the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock valued at $44,000 after purchasing an additional 206 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Fidelity MSCI Financials Index ETF by 340.6% during the 4th quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after purchasing an additional 470 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Fidelity MSCI Financials Index ETF by 1,427.5% during the 3rd quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock valued at $47,000 after purchasing an additional 571 shares during the period.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL stock opened at $82.51 on Wednesday. Fidelity MSCI Financials Index ETF has a 1 year low of $67.76 and a 1 year high of $82.74. The business’s fifty day moving average is $77.72 and its 200-day moving average is $74.95. The stock has a market cap of $2.42 billion, a PE ratio of 17.73 and a beta of 0.89.

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.