Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares saw an uptick in trading volume on Tuesday . 166,472 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 144,159 shares.The stock last traded at $70.63 and had previously closed at $70.00.

Fidelity MSCI Financials Index ETF Stock Performance

The stock has a market capitalization of $2.20 billion, a PE ratio of 17.73 and a beta of 1.02. The firm’s 50 day moving average is $74.75 and its two-hundred day moving average is $75.55.

Institutional Trading of Fidelity MSCI Financials Index ETF

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Fidelity MSCI Financials Index ETF by 71.8% during the 1st quarter. Royal Bank of Canada now owns 30,610 shares of the company’s stock worth $2,128,000 after purchasing an additional 12,791 shares in the last quarter. NewEdge Advisors LLC raised its position in Fidelity MSCI Financials Index ETF by 113.4% in the 1st quarter. NewEdge Advisors LLC now owns 15,905 shares of the company’s stock valued at $1,106,000 after purchasing an additional 8,451 shares in the last quarter. Jones Financial Companies Lllp raised its position in Fidelity MSCI Financials Index ETF by 19.1% in the 1st quarter. Jones Financial Companies Lllp now owns 7,020 shares of the company’s stock valued at $479,000 after purchasing an additional 1,128 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 1st quarter valued at about $2,344,000. Finally, Focus Partners Wealth acquired a new position in shares of Fidelity MSCI Financials Index ETF during the first quarter worth about $200,000.

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.