Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 52-Week High – Here’s Why

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $83.54 and last traded at $83.5170, with a volume of 134,324 shares traded. The stock had previously closed at $80.81.

Fidelity MSCI Financials Index ETF Stock Performance

The stock has a 50-day moving average of $79.29 and a two-hundred day moving average of $76.60. The company has a market cap of $2.34 billion, a P/E ratio of 17.73 and a beta of 0.89.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the third quarter valued at $1,349,000. Buska Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $776,000. Maltin Wealth Management Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $4,242,000. Go Invest LLC bought a new stake in shares of Fidelity MSCI Financials Index ETF in the third quarter worth approximately $928,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 154.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,298 shares of the company’s stock worth $2,320,000 after acquiring an additional 18,414 shares during the period.

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.