Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Strong Trading Volume – Still a Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw strong trading volume on Tuesday . 390,328 shares traded hands during trading, an increase of 206% from the previous session’s volume of 127,757 shares.The stock last traded at $74.1050 and had previously closed at $73.91.

Fidelity MSCI Financials Index ETF Stock Up 0.4%

The stock has a market cap of $2.35 billion, a P/E ratio of 17.73 and a beta of 1.02. The business’s 50-day simple moving average is $75.71 and its two-hundred day simple moving average is $73.46.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Briaud Financial Planning Inc bought a new stake in Fidelity MSCI Financials Index ETF during the 2nd quarter valued at $25,000. Legacy Wealth Managment LLC ID bought a new position in shares of Fidelity MSCI Financials Index ETF in the first quarter worth $31,000. Caldwell Trust Co purchased a new position in shares of Fidelity MSCI Financials Index ETF in the second quarter valued at $44,000. SYM FINANCIAL Corp bought a new stake in shares of Fidelity MSCI Financials Index ETF during the 2nd quarter valued at $52,000. Finally, Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Financials Index ETF during the 2nd quarter valued at $59,000.

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.