Modern Wealth Management LLC Decreases Position in Fidelity MSCI Financials Index ETF $FNCL

Modern Wealth Management LLC trimmed its holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 25.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,056 shares of the company’s stock after selling 34,483 shares during the quarter. Modern Wealth Management LLC owned about 0.33% of Fidelity MSCI Financials Index ETF worth $7,867,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Caldwell Trust Co acquired a new stake in Fidelity MSCI Financials Index ETF during the second quarter worth approximately $44,000. Howe & Rusling Inc. acquired a new position in shares of Fidelity MSCI Financials Index ETF in the 2nd quarter valued at $59,000. Geneos Wealth Management Inc. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 61.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,008 shares of the company’s stock valued at $77,000 after buying an additional 382 shares in the last quarter. Assetmark Inc. grew its position in shares of Fidelity MSCI Financials Index ETF by 133.9% in the 3rd quarter. Assetmark Inc. now owns 1,048 shares of the company’s stock valued at $80,000 after buying an additional 600 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 3rd quarter valued at $81,000.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA:FNCL opened at $71.87 on Friday. Fidelity MSCI Financials Index ETF has a 12 month low of $58.68 and a 12 month high of $80.31. The firm has a market capitalization of $2.27 billion, a P/E ratio of 17.73 and a beta of 1.02. The company’s fifty day moving average price is $76.10 and its 200 day moving average price is $75.88.

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.