Axxcess Wealth Management LLC Makes New $237,000 Investment in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Axxcess Wealth Management LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,456 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNCL. Thrivent Financial for Lutherans raised its position in shares of Fidelity MSCI Financials Index ETF by 13.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after buying an additional 15,899 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $218,000. Meridian Wealth Management LLC bought a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $1,167,000. Fisher Asset Management LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 19.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,017 shares of the company’s stock worth $384,000 after buying an additional 992 shares in the last quarter. Finally, FMR LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 6.1% during the 3rd quarter. FMR LLC now owns 60,002 shares of the company’s stock worth $3,831,000 after buying an additional 3,438 shares in the last quarter.

Fidelity MSCI Financials Index ETF Price Performance

NYSEARCA FNCL opened at $68.96 on Friday. Fidelity MSCI Financials Index ETF has a 12 month low of $55.49 and a 12 month high of $74.26. The company’s 50 day simple moving average is $71.34 and its 200 day simple moving average is $68.95. The company has a market capitalization of $2.14 billion, a P/E ratio of 16.28 and a beta of 1.10.

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.