Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 52-Week High – Here’s What Happened

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $73.75 and last traded at $73.68, with a volume of 13418 shares trading hands. The stock had previously closed at $73.02.

Fidelity MSCI Financials Index ETF Price Performance

The firm has a fifty day moving average of $70.70 and a two-hundred day moving average of $66.36. The stock has a market capitalization of $2.05 billion, a P/E ratio of 14.87 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP lifted its holdings in Fidelity MSCI Financials Index ETF by 631.6% during the second quarter. Susquehanna International Group LLP now owns 88,851 shares of the company’s stock worth $5,148,000 after buying an additional 76,706 shares during the period. Creative Planning raised its position in shares of Fidelity MSCI Financials Index ETF by 16.1% in the 2nd quarter. Creative Planning now owns 7,189 shares of the company’s stock worth $417,000 after acquiring an additional 997 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Financials Index ETF by 266.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 98,131 shares of the company’s stock worth $5,686,000 after purchasing an additional 71,320 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Fidelity MSCI Financials Index ETF by 9.7% during the second quarter. Sunbelt Securities Inc. now owns 7,553 shares of the company’s stock valued at $438,000 after purchasing an additional 667 shares in the last quarter. Finally, American National Bank & Trust boosted its position in Fidelity MSCI Financials Index ETF by 34.0% during the third quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock valued at $154,000 after purchasing an additional 614 shares in 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.