IFP Advisors Inc Lowers Stake in Fidelity MSCI Financials Index ETF $FNCL

IFP Advisors Inc cut its position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 20.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,071 shares of the company’s stock after selling 1,567 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity MSCI Financials Index ETF were worth $450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Yoder Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Financials Index ETF by 1.5% during the second quarter. Yoder Wealth Management Inc. now owns 63,159 shares of the company’s stock worth $4,676,000 after buying an additional 922 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Fidelity MSCI Financials Index ETF by 2.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 33,181 shares of the company’s stock worth $2,457,000 after buying an additional 672 shares in the last quarter. Vicus Capital grew its holdings in shares of Fidelity MSCI Financials Index ETF by 2.5% during the second quarter. Vicus Capital now owns 299,652 shares of the company’s stock worth $22,186,000 after buying an additional 7,331 shares in the last quarter. Truist Financial Corp grew its holdings in Fidelity MSCI Financials Index ETF by 5.1% in the second quarter. Truist Financial Corp now owns 10,592 shares of the company’s stock valued at $784,000 after purchasing an additional 510 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Fidelity MSCI Financials Index ETF by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the company’s stock valued at $476,000 after purchasing an additional 161 shares during the period.

Fidelity MSCI Financials Index ETF Stock Performance

Fidelity MSCI Financials Index ETF stock opened at $75.59 on Wednesday. Fidelity MSCI Financials Index ETF has a 1 year low of $58.68 and a 1 year high of $77.67. The firm has a 50 day moving average price of $75.78 and a 200 day moving average price of $72.43. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 17.73 and a beta of 1.08.

Fidelity MSCI Financials Index ETF 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.