Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 12-Month High at $59.28

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) hit a new 52-week high during trading on Thursday . The company traded as high as $59.28 and last traded at $59.20, with a volume of 10353 shares trading hands. The stock had previously closed at $59.06.

Fidelity MSCI Financials Index ETF Stock Performance

The business has a 50 day simple moving average of $56.14 and a two-hundred day simple moving average of $51.67. The firm has a market capitalization of $1.71 billion, a P/E ratio of 9.61 and a beta of 1.08.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several large investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new position in shares of Fidelity MSCI Financials Index ETF during the fourth quarter worth $27,000. Goldman Sachs Group Inc. purchased a new stake in Fidelity MSCI Financials Index ETF in the fourth quarter valued at $2,209,000. Trail Ridge Investment Advisors LLC acquired a new position in Fidelity MSCI Financials Index ETF during the fourth quarter worth about $202,000. Harbour Investments Inc. boosted its position in Fidelity MSCI Financials Index ETF by 82.0% during the fourth quarter. Harbour Investments Inc. now owns 1,780 shares of the company’s stock worth $95,000 after acquiring an additional 802 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Fidelity MSCI Financials Index ETF by 21.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,506 shares of the company’s stock valued at $1,098,000 after acquiring an additional 3,613 shares during the period.

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.