US Bancorp DE Makes New Investment in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

US Bancorp DE purchased a new position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,622 shares of the company’s stock, valued at approximately $180,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp bought a new position in Fidelity MSCI Financials Index ETF during the fourth quarter worth about $690,000. Arkadios Wealth Advisors bought a new position in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $203,000. Choreo LLC bought a new position in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $222,000. Franklin Resources Inc. raised its stake in shares of Fidelity MSCI Financials Index ETF by 43.4% in the third quarter. Franklin Resources Inc. now owns 3,306 shares of the company’s stock valued at $219,000 after acquiring an additional 1,000 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 6.1% in the third quarter. FMR LLC now owns 60,002 shares of the company’s stock valued at $3,831,000 after acquiring an additional 3,438 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Up 2.4 %

NYSEARCA:FNCL opened at $67.88 on Friday. Fidelity MSCI Financials Index ETF has a 1 year low of $55.49 and a 1 year high of $74.26. The firm has a 50 day moving average of $71.30 and a 200-day moving average of $68.76. The stock has a market capitalization of $2.11 billion, a P/E ratio of 16.28 and a beta of 1.10.

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.