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

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high on Tuesday . The company traded as high as $82.20 and last traded at $82.20, with a volume of 9965 shares changing hands. The stock had previously closed at $81.81.

Fidelity MSCI Financials Index ETF Stock Up 1.1%

The company has a 50-day moving average of $77.55 and a 200-day moving average of $74.91. The company has a market cap of $2.42 billion, a PE ratio of 17.73 and a beta of 0.90.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

A number of hedge funds have recently bought and sold shares of the company. BIP Wealth LLC raised its position in Fidelity MSCI Financials Index ETF by 5.1% during the first quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock valued at $231,000 after purchasing an additional 161 shares in the last quarter. Colonial Trust Co SC lifted its stake in Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares during the last quarter. Smith Salley Wealth Management boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 0.4% in the 4th quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock worth $4,378,000 after purchasing an additional 209 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.1% in the 4th quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock worth $338,000 after purchasing an additional 213 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Fidelity MSCI Financials Index ETF by 14.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock valued at $133,000 after purchasing 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.