Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 12-Month High at $64.58

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high during trading on Thursday . The stock traded as high as $64.58 and last traded at $64.17, with a volume of 4176 shares trading hands. The stock had previously closed at $63.68.

Fidelity MSCI Financials Index ETF Trading Down 0.4 %

The company has a 50 day simple moving average of $61.78 and a 200 day simple moving average of $59.32. The stock has a market cap of $1.78 billion, a P/E ratio of 14.87 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Fidelity MSCI Financials Index ETF by 2.6% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,328 shares of the company’s stock valued at $483,000 after acquiring an additional 210 shares in the last quarter. Capital Investment Counsel Inc increased its position in shares of Fidelity MSCI Financials Index ETF by 3.8% during the 2nd quarter. Capital Investment Counsel Inc now owns 6,079 shares of the company’s stock worth $352,000 after purchasing an additional 221 shares during the last quarter. PFG Advisors increased its position in shares of Fidelity MSCI Financials Index ETF by 0.8% during the 2nd quarter. PFG Advisors now owns 27,950 shares of the company’s stock worth $1,619,000 after purchasing an additional 223 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Fidelity MSCI Financials Index ETF by 4.6% during the 1st quarter. Sunbelt Securities Inc. now owns 6,886 shares of the company’s stock worth $409,000 after purchasing an additional 301 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 55.2% in the 2nd quarter. CWM LLC now owns 998 shares of the company’s stock valued at $58,000 after buying an additional 355 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.