PFG Advisors Invests $1.42 Million in Fidelity MSCI Financials Index ETF $FNCL

PFG Advisors bought a new stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the third quarter, Holdings Channel reports. The institutional investor bought 18,642 shares of the company’s stock, valued at approximately $1,423,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paragon Private Wealth Management LLC raised its stake in Fidelity MSCI Financials Index ETF by 2.3% during the third quarter. Paragon Private Wealth Management LLC now owns 7,118 shares of the company’s stock valued at $543,000 after purchasing an additional 163 shares in the last quarter. Mcrae Capital Management Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock worth $482,000 after buying an additional 202 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Fidelity MSCI Financials Index ETF by 14.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock worth $133,000 after buying an additional 223 shares in the last quarter. Harbor Asset Planning Inc. increased its holdings in shares of Fidelity MSCI Financials Index ETF by 1.0% in the 3rd quarter. Harbor Asset Planning Inc. now owns 28,642 shares of the company’s stock worth $2,187,000 after buying an additional 294 shares during the last quarter. Finally, HBW Advisory Services LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 7.9% in the 3rd quarter. HBW Advisory Services LLC now owns 4,313 shares of the company’s stock worth $329,000 after buying an additional 317 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 0.5%

Shares of NYSEARCA FNCL opened at $71.16 on Wednesday. Fidelity MSCI Financials Index ETF has a 12-month low of $58.68 and a 12-month high of $80.31. The firm’s 50-day moving average price is $75.81 and its 200-day moving average price is $75.82. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02.

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.