NewEdge Advisors LLC Has $296,000 Stake in Fidelity MSCI Financials Index ETF $FNCL

NewEdge Advisors LLC lowered its stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 71.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,212 shares of the company’s stock after selling 10,330 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FNCL. Charles Schwab Investment Management Inc. increased its stake in Fidelity MSCI Financials Index ETF by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after purchasing an additional 51,401 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Fidelity MSCI Financials Index ETF by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after buying an additional 25,627 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock valued at $27,043,000 after acquiring an additional 56,045 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Fidelity MSCI Financials Index ETF by 3,442.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock valued at $20,928,000 after acquiring an additional 266,401 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 17.2% during the first quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock worth $17,002,000 after purchasing an additional 35,569 shares during the period.

Fidelity MSCI Financials Index ETF Trading Up 1.1%

NYSEARCA FNCL opened at $82.80 on Tuesday. The company has a fifty day simple moving average of $80.00 and a 200 day simple moving average of $75.52. Fidelity MSCI Financials Index ETF has a 12-month low of $67.76 and a 12-month high of $83.16. The company has a market cap of $2.43 billion, a P/E ratio of 17.73 and a beta of 0.89.

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.