Fidelity MSCI Financials Index ETF $FNCL Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. lessened its holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 31,955 shares of the company’s stock after selling 916 shares during the quarter. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $2,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,132 shares of the company’s stock worth $704,000 after purchasing an additional 763 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter worth approximately $32,000. Envestnet Asset Management Inc. increased its position in shares of Fidelity MSCI Financials Index ETF by 40.8% during the first quarter. Envestnet Asset Management Inc. now owns 65,216 shares of the company’s stock worth $4,534,000 after purchasing an additional 18,887 shares in the last quarter. Fifth Third Bancorp purchased a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at $33,000. Finally, CX Institutional acquired a new stake in Fidelity MSCI Financials Index ETF during the 1st quarter worth $27,000.

Fidelity MSCI Financials Index ETF Stock Down 0.0%

NYSEARCA FNCL opened at $75.61 on Friday. The firm has a market cap of $2.33 billion, a PE ratio of 17.73 and a beta of 1.08. The business’s fifty day simple moving average is $75.61 and its 200-day simple moving average is $72.09. Fidelity MSCI Financials Index ETF has a 52 week low of $58.68 and a 52 week high of $77.67.

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.