Raymond James Financial Inc. Purchases New Stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Raymond James Financial Inc. acquired a new stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,820 shares of the company’s stock, valued at approximately $1,361,000. Raymond James Financial Inc. owned about 0.07% of Fidelity MSCI Financials Index ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FNCL. Mutual Advisors LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.5% in the fourth quarter. Mutual Advisors LLC now owns 6,107 shares of the company’s stock valued at $433,000 after acquiring an additional 147 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Fidelity MSCI Financials Index ETF by 4.8% during the fourth quarter. Principal Securities Inc. now owns 3,953 shares of the company’s stock valued at $271,000 after buying an additional 182 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in Fidelity MSCI Financials Index ETF by 8.3% in the 4th quarter. Spirit of America Management Corp NY now owns 2,771 shares of the company’s stock worth $190,000 after acquiring an additional 213 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Fidelity MSCI Financials Index ETF by 2.6% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 12,373 shares of the company’s stock worth $790,000 after buying an additional 316 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Fidelity MSCI Financials Index ETF by 4.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,916 shares of the company’s stock valued at $505,000 after acquiring an additional 363 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL stock opened at $70.04 on Thursday. Fidelity MSCI Financials Index ETF has a twelve month low of $55.49 and a twelve month high of $74.26. The stock’s 50 day simple moving average is $71.23 and its 200 day simple moving average is $69.35. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.56 and a beta of 1.00.

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.