Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Volume Increase

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCLGet Free Report) saw an uptick in trading volume on Tuesday . 196,842 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 101,334 shares.The stock last traded at $58.44 and had previously closed at $58.01.

Fidelity MSCI Financials Index ETF Price Performance

The stock’s 50-day moving average is $58.10 and its 200 day moving average is $56.57. The company has a market cap of $1.63 billion, a PE ratio of 14.87 and a beta of 0.96.

Institutional Trading of Fidelity MSCI Financials Index ETF

Hedge funds have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the fourth quarter worth about $27,000. Tidemark LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the fourth quarter valued at about $30,000. CWM LLC increased its position in shares of Fidelity MSCI Financials Index ETF by 804.3% during the fourth quarter. CWM LLC now owns 633 shares of the company’s stock valued at $34,000 after acquiring an additional 563 shares during the last quarter. American National Bank increased its position in shares of Fidelity MSCI Financials Index ETF by 224.5% during the fourth quarter. American National Bank now owns 701 shares of the company’s stock valued at $38,000 after acquiring an additional 485 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Fidelity MSCI Financials Index ETF in the first quarter valued at approximately $58,000.

Fidelity MSCI Financials Index ETF Company Profile

(Get Free Report)

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.

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