Lido Advisors LLC Sells 19,713 Shares of Fidelity MSCI Financials Index ETF $FNCL

Lido Advisors LLC lowered its position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,508,013 shares of the company’s stock after selling 19,713 shares during the period. Fidelity MSCI Financials Index ETF accounts for about 0.7% of Lido Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Lido Advisors LLC owned about 8.14% of Fidelity MSCI Financials Index ETF worth $185,693,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FNCL. Briaud Financial Planning Inc bought a new stake in Fidelity MSCI Financials Index ETF during the second quarter worth about $25,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $31,000. SYM FINANCIAL Corp bought a new position in Fidelity MSCI Financials Index ETF during the 2nd quarter valued at approximately $52,000. Howe & Rusling Inc. purchased a new position in Fidelity MSCI Financials Index ETF during the second quarter valued at $59,000. Finally, Signature Resources Capital Management LLC bought a new stake in Fidelity MSCI Financials Index ETF in the second quarter worth $66,000.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA:FNCL opened at $75.56 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 17.73 and a beta of 1.02. The business has a fifty day moving average price of $74.87 and a 200-day moving average price of $74.25. Fidelity MSCI Financials Index ETF has a 1-year low of $58.68 and a 1-year 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.