Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 1-Year High – Here’s What Happened

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $83.15 and last traded at $83.11, with a volume of 67971 shares trading hands. The stock had previously closed at $82.46.

Fidelity MSCI Financials Index ETF Price Performance

The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89. The company’s 50 day moving average is $79.16 and its 200 day moving average is $75.28.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BIP Wealth LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 5.1% in the 1st quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock worth $231,000 after buying an additional 161 shares in the last quarter. Colonial Trust Co SC increased its holdings 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 acquiring an additional 206 shares in the last quarter. Smith Salley Wealth Management raised its position in Fidelity MSCI Financials Index ETF by 0.4% during the fourth quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock worth $4,378,000 after acquiring an additional 209 shares during the last quarter. IFP Advisors Inc raised its position in Fidelity MSCI Financials Index ETF by 5.1% during the fourth quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock worth $338,000 after acquiring an additional 213 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Fidelity MSCI Financials Index ETF by 14.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock worth $133,000 after acquiring an additional 223 shares during 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.