Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 1-Year High – Here’s Why

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $79.82 and last traded at $79.99, with a volume of 28887 shares trading hands. The stock had previously closed at $78.01.

Fidelity MSCI Financials Index ETF Stock Up 2.8%

The firm has a market cap of $2.50 billion, a P/E ratio of 17.73 and a beta of 1.02. The business’s 50 day moving average is $75.90 and its two-hundred day moving average is $75.34.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FNCL. Briaud Financial Planning Inc acquired a new stake in Fidelity MSCI Financials Index ETF in the second quarter worth $25,000. Legacy Wealth Managment LLC ID purchased a new position in Fidelity MSCI Financials Index ETF during the 1st quarter worth $31,000. Caldwell Trust Co bought a new stake in shares of Fidelity MSCI Financials Index ETF in the 2nd quarter worth $44,000. Larson Financial Group LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF by 1,427.5% in 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. Finally, SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Financials Index ETF during the second quarter valued at about $52,000.

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.