Breakwater Capital Group Takes $336,000 Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Breakwater Capital Group acquired a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,650 shares of the company’s stock, valued at approximately $336,000.

Other large investors also recently modified their holdings of the company. Lido Advisors LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 4.5% in the 3rd quarter. Lido Advisors LLC now owns 1,965,377 shares of the company’s stock worth $91,508,000 after buying an additional 85,382 shares during the last quarter. Q3 Asset Management bought a new position in shares of Fidelity MSCI Financials Index ETF in the 4th quarter worth $4,112,000. Galvin Gaustad & Stein LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 74.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 178,176 shares of the company’s stock worth $9,541,000 after buying an additional 76,162 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 20.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 424,974 shares of the company’s stock worth $22,757,000 after buying an additional 72,414 shares during the last quarter. Finally, VCI Wealth Management LLC bought a new position in shares of Fidelity MSCI Financials Index ETF in the 4th quarter worth $3,543,000.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA:FNCL opened at $57.94 on Monday. The company’s fifty day moving average price is $58.06 and its 200-day moving average price is $56.49. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. Fidelity MSCI Financials Index ETF has a one year low of $43.90 and a one year high of $59.77.

Fidelity MSCI Financials Index ETF 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.