Bayshore Capital Advisors LLC Makes New $725,000 Investment in Fidelity MSCI Financials Index ETF $FNCL

Bayshore Capital Advisors LLC acquired a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the 3rd quarter, Holdings Channel reports. The fund acquired 9,581 shares of the company’s stock, valued at approximately $725,000. Fidelity MSCI Financials Index ETF comprises approximately 0.4% of Bayshore Capital Advisors LLC’s portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of the company. Monte Financial Group LLC bought a new position in Fidelity MSCI Financials Index ETF in the third quarter valued at about $391,000. Kestra Advisory Services LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $19,886,000. Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the third quarter valued at approximately $25,098,000. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Financials Index ETF in the third quarter valued at approximately $82,000. Finally, Fischer Financial Services Inc. lifted its stake in Fidelity MSCI Financials Index ETF by 0.3% in the third quarter. Fischer Financial Services Inc. now owns 143,632 shares of the company’s stock worth $10,876,000 after purchasing an additional 459 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 0.6%

Shares of NYSEARCA FNCL opened at $80.68 on Friday. The firm has a 50 day moving average of $79.26 and a 200 day moving average of $76.62. Fidelity MSCI Financials Index ETF has a 12-month low of $67.76 and a 12-month high of $84.55. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89.

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.