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

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw an uptick in trading volume on Thursday . 1,117,548 shares were traded 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 Stock Down 0.8%

The firm has a market cap of $2.29 billion, a P/E ratio of 17.73 and a beta of 0.95. The firm’s 50-day simple moving average is $72.12 and its 200 day simple moving average is $74.74.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaCore Capital LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 833.3% in the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the period. Longview Financial Advisors Inc. purchased a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter worth about $39,000. Colonial Trust Co SC increased its holdings in Fidelity MSCI Financials Index ETF by 56.9% in the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after acquiring an additional 206 shares during the last quarter. Sound Income Strategies LLC raised its stake in Fidelity MSCI Financials Index ETF by 340.6% in the 4th quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after acquiring an additional 470 shares during the period. Finally, Larson Financial Group LLC lifted its holdings 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 purchasing an additional 571 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.