Strategic Point Investment Advisors LLC Makes New Investment in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Strategic Point Investment Advisors LLC purchased a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 205,290 shares of the company’s stock, valued at approximately $14,099,000. Fidelity MSCI Financials Index ETF accounts for approximately 2.3% of Strategic Point Investment Advisors LLC’s holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in FNCL. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Financials Index ETF during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $34,000. Harbor Investment Advisory LLC purchased a new position in Fidelity MSCI Financials Index ETF during the 4th quarter valued at about $98,000. American National Bank & Trust boosted its holdings in Fidelity MSCI Financials Index ETF by 34.0% during the 3rd quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock valued at $154,000 after acquiring an additional 614 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in Fidelity MSCI Financials Index ETF in the 4th quarter valued at about $203,000.

Fidelity MSCI Financials Index ETF Stock Performance

NYSEARCA FNCL opened at $73.67 on Thursday. The firm has a 50 day simple moving average of $70.65 and a 200-day simple moving average of $66.31. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. Fidelity MSCI Financials Index ETF has a one year low of $53.73 and a one year high of $73.69.

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.