Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 12-Month High – Should You Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $82.20 and last traded at $82.20, with a volume of 9965 shares traded. The stock had previously closed at $81.81.

Fidelity MSCI Financials Index ETF Trading Up 0.2%

The firm has a market capitalization of $2.42 billion, a P/E ratio of 17.73 and a beta of 0.89. The business’s 50 day simple moving average is $77.90 and its two-hundred day simple moving average is $74.98.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

A number of institutional investors have recently made changes to their positions in FNCL. AE Wealth Management LLC grew its position in Fidelity MSCI Financials Index ETF by 7.8% in the 4th quarter. AE Wealth Management LLC now owns 110,510 shares of the company’s stock worth $8,591,000 after purchasing an additional 8,002 shares during the period. Yoder Wealth Management Inc. raised its stake in Fidelity MSCI Financials Index ETF by 14.5% during the 1st quarter. Yoder Wealth Management Inc. now owns 93,649 shares of the company’s stock valued at $6,574,000 after buying an additional 11,835 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 55.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 38,378 shares of the company’s stock valued at $2,984,000 after buying an additional 13,738 shares during the period. Jacobs Equity LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 4th quarter valued at $1,601,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity MSCI Financials Index ETF by 4.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,088 shares of the company’s stock worth $17,032,000 after buying an additional 10,040 shares during the last quarter.

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.