Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 12-Month High – Here’s What Happened

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.40 and last traded at $81.31, with a volume of 5435 shares trading hands. The stock had previously closed at $80.22.

Fidelity MSCI Financials Index ETF Price Performance

The company has a market cap of $2.37 billion, a price-to-earnings ratio of 17.73 and a beta of 0.90. The business’s fifty day moving average price is $76.62 and its 200 day moving average price is $74.82.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in Fidelity MSCI Financials Index ETF by 3,442.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock worth $20,928,000 after buying an additional 266,401 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Financials Index ETF by 122.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 209,048 shares of the company’s stock valued at $15,959,000 after acquiring an additional 115,117 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 45.4% during the fourth quarter. Kestra Advisory Services LLC now owns 206,622 shares of the company’s stock valued at $16,063,000 after acquiring an additional 64,555 shares in the last quarter. Royal Bank of Canada raised its position in shares of Fidelity MSCI Financials Index ETF by 370.6% during the first quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock worth $5,608,000 after purchasing an additional 62,906 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity MSCI Financials Index ETF by 120.4% during the second quarter. Ameriprise Financial Inc. now owns 103,983 shares of the company’s stock worth $7,702,000 after purchasing an additional 56,806 shares during the period.

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.