Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Volume Increase – Still a Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw strong trading volume on Thursday . 1,117,548 shares traded hands during trading, an increase of 701% from the previous session’s volume of 139,469 shares.The stock last traded at $73.97 and had previously closed at $74.58.

Fidelity MSCI Financials Index ETF Trading Down 0.6%

The company has a 50-day simple moving average of $72.12 and a 200 day simple moving average of $74.71. The company has a market cap of $2.28 billion, a P/E ratio of 17.73 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds have recently bought and sold shares of the business. Lido Advisors LLC grew its position in Fidelity MSCI Financials Index ETF by 7.8% in the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock valued at $206,428,000 after acquiring an additional 196,045 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Fidelity MSCI Financials Index ETF by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after acquiring an additional 51,401 shares during the last quarter. AGF Management Ltd. grew its position in Fidelity MSCI Financials Index ETF by 47.4% in the 3rd quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after acquiring an additional 274,708 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Fidelity MSCI Financials Index ETF by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after acquiring an additional 25,627 shares during the last quarter. Finally, LPL Financial LLC grew its position in Fidelity MSCI Financials Index ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock valued at $27,043,000 after acquiring an additional 56,045 shares during the last quarter.

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.