Northwestern Mutual Wealth Management Co. Grows Position in Fidelity MSCI Financials Index ETF $FNCL

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 4.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 219,088 shares of the company’s stock after purchasing an additional 10,040 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Financials Index ETF were worth $17,032,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FNCL. Royal Bank of Canada grew its holdings in shares of Fidelity MSCI Financials Index ETF by 71.8% during the first quarter. Royal Bank of Canada now owns 30,610 shares of the company’s stock worth $2,128,000 after buying an additional 12,791 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Fidelity MSCI Financials Index ETF by 113.4% during the first quarter. NewEdge Advisors LLC now owns 15,905 shares of the company’s stock worth $1,106,000 after buying an additional 8,451 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Fidelity MSCI Financials Index ETF by 19.1% during the first quarter. Jones Financial Companies Lllp now owns 7,020 shares of the company’s stock worth $479,000 after buying an additional 1,128 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the first quarter worth $2,344,000. Finally, Focus Partners Wealth purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the first quarter worth $200,000.

Fidelity MSCI Financials Index ETF Price Performance

Fidelity MSCI Financials Index ETF stock opened at $73.51 on Monday. Fidelity MSCI Financials Index ETF has a 52-week low of $67.76 and a 52-week high of $80.31. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.73 and a beta of 0.92. The company has a fifty day simple moving average of $72.64 and a 200-day simple moving average of $74.54.

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.