Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 12-Month High – Here’s Why

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

Fidelity MSCI Financials Index ETF Price Performance

The company has a market cap of $2.03 billion, a PE ratio of 14.87 and a beta of 0.96. The company’s 50 day simple moving average is $70.74 and its two-hundred day simple moving average is $66.41.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP lifted its stake 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 purchasing an additional 76,706 shares in the last quarter. Creative Planning lifted its stake in Fidelity MSCI Financials Index ETF by 16.1% during 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. American National Bank & Trust boosted its holdings in Fidelity MSCI Financials Index ETF by 34.0% during the 3rd quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock valued at $154,000 after acquiring an additional 614 shares during the period. HBW Advisory Services LLC purchased a new position in Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $219,000. Finally, Beaumont Financial Advisors LLC grew its position in Fidelity MSCI Financials Index ETF by 4.8% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 22,050 shares of the company’s stock valued at $1,408,000 after acquiring an additional 1,014 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.