Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 1-Year High – What’s Next?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares reached a new 52-week high on Tuesday . The stock traded as high as $80.57 and last traded at $80.57, with a volume of 3370 shares. The stock had previously closed at $80.00.

Fidelity MSCI Financials Index ETF Stock Performance

The business’s 50 day moving average price is $75.06 and its 200-day moving average price is $74.70. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 17.73 and a beta of 0.90.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of FNCL. AlphaCore Capital LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 833.3% during the 4th quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the last quarter. Longview Financial Advisors Inc. acquired a new position in shares of Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $39,000. Colonial Trust Co SC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 56.9% in the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock valued at $44,000 after acquiring an additional 206 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 340.6% in the 4th quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after acquiring an additional 470 shares during the last quarter. Finally, Larson Financial Group LLC raised 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 acquiring an additional 571 shares in the last quarter.

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.