Royal Bank of Canada Raises Stock Position in Fidelity MSCI Financials Index ETF $FNCL

Royal Bank of Canada lifted its holdings in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 370.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,882 shares of the company’s stock after purchasing an additional 62,906 shares during the quarter. Royal Bank of Canada owned about 0.27% of Fidelity MSCI Financials Index ETF worth $5,608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FNCL. Quantinno Capital Management LP grew its holdings in shares of Fidelity MSCI Financials Index ETF by 5.7% in the first quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,090 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Financials Index ETF by 13.2% during the 1st quarter. Cetera Investment Advisers now owns 34,664 shares of the company’s stock worth $2,433,000 after buying an additional 4,043 shares in the last quarter. Pacific Sun Financial Corp lifted its holdings in Fidelity MSCI Financials Index ETF by 28.0% during the 1st quarter. Pacific Sun Financial Corp now owns 11,402 shares of the company’s stock worth $800,000 after buying an additional 2,491 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at approximately $110,000. Finally, Astra Wealth Partners LLC purchased a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at approximately $203,000.

Fidelity MSCI Financials Index ETF Stock Up 0.2%

NYSEARCA:FNCL opened at $82.46 on Thursday. The company has a fifty day simple moving average of $78.82 and a two-hundred day simple moving average of $75.17. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89. Fidelity MSCI Financials Index ETF has a 52 week low of $67.76 and a 52 week high of $83.13.

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.