Jacobs Equity LLC Makes New $1.60 Million Investment in Fidelity MSCI Financials Index ETF $FNCL

Jacobs Equity LLC bought a new position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,598 shares of the company’s stock, valued at approximately $1,601,000. Fidelity MSCI Financials Index ETF makes up approximately 1.5% of Jacobs Equity LLC’s portfolio, making the stock its 16th largest holding. Jacobs Equity LLC owned 0.07% of Fidelity MSCI Financials Index ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC grew its stake in Fidelity MSCI Financials Index ETF by 833.3% in the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the period. Colonial Trust Co SC raised its holdings in Fidelity MSCI Financials Index ETF by 56.9% in the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares in the last quarter. Sound Income Strategies LLC lifted its position in Fidelity MSCI Financials Index ETF by 340.6% during the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after buying an additional 470 shares during the period. Larson Financial Group LLC lifted its position in Fidelity MSCI Financials Index ETF by 1,427.5% during the third quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock valued at $47,000 after buying an additional 571 shares during the period. Finally, Allworth Financial LP lifted its position in Fidelity MSCI Financials Index ETF by 1,387.2% during the fourth quarter. Allworth Financial LP now owns 699 shares of the company’s stock valued at $54,000 after buying an additional 652 shares during the period.

Fidelity MSCI Financials Index ETF Trading Down 1.1%

Shares of FNCL stock opened at $76.03 on Friday. The company’s fifty day moving average price is $74.04 and its 200-day moving average price is $74.61. The stock has a market cap of $2.27 billion, a PE ratio of 17.73 and a beta of 0.90. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $80.31.

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.