Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 52-Week High – Time to Buy?

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high during trading on Wednesday . The company traded as high as $64.67 and last traded at $64.59, with a volume of 20403 shares traded. The stock had previously closed at $63.89.

Fidelity MSCI Financials Index ETF Price Performance

The firm’s fifty day moving average price is $62.35 and its 200-day moving average price is $59.84. The firm has a market capitalization of $1.79 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 hedge funds have recently modified their holdings of FNCL. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the first quarter valued at $58,000. TFC Financial Management Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the second quarter worth approximately $58,000. CWM LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 55.2% during the second quarter. CWM LLC now owns 998 shares of the company’s stock worth $58,000 after purchasing an additional 355 shares during the period. American National Bank grew its position in Fidelity MSCI Financials Index ETF by 73.5% during the first quarter. American National Bank now owns 1,216 shares of the company’s stock valued at $72,000 after purchasing an additional 515 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at approximately $92,000.

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.