Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 1-Year High – Here’s What Happened

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s stock price hit a new 52-week high 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 Stock Performance

The business has a fifty day moving average of $77.55 and a 200-day moving average of $74.91. The company has a market capitalization of $2.42 billion, a P/E ratio of 17.73 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity MSCI Financials Index ETF by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after buying an additional 51,401 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Fidelity MSCI Financials Index ETF by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after acquiring an additional 25,627 shares in the last quarter. LPL Financial LLC lifted its position in Fidelity MSCI Financials Index ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock valued at $27,043,000 after acquiring an additional 56,045 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Fidelity MSCI Financials Index ETF by 3,442.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock valued at $20,928,000 after purchasing an additional 266,401 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in Fidelity MSCI Financials Index ETF by 17.2% during the 1st quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock valued at $17,002,000 after purchasing an additional 35,569 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.