Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares saw strong trading volume on Thursday . 299,690 shares changed hands during mid-day trading, an increase of 182% from the previous session’s volume of 106,238 shares.The stock last traded at $68.37 and had previously closed at $68.68.

Fidelity MSCI Financials Index ETF Price Performance

The company has a fifty day moving average price of $70.08 and a 200 day moving average price of $64.77. The stock has a market cap of $1.92 billion, a P/E ratio of 14.87 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FNCL. FSA Wealth Management LLC bought a new stake in Fidelity MSCI Financials Index ETF during the third quarter worth $34,000. American National Bank & Trust grew its stake in shares of Fidelity MSCI Financials Index ETF by 34.0% in the 3rd quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock worth $154,000 after acquiring an additional 614 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF by 11,189.3% in the third quarter. Farther Finance Advisors LLC now owns 3,161 shares of the company’s stock valued at $202,000 after purchasing an additional 3,133 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF during the third quarter valued at about $205,000. Finally, Franklin Resources Inc. grew its position in Fidelity MSCI Financials Index ETF by 43.4% in the 3rd quarter. Franklin Resources Inc. now owns 3,306 shares of the company’s stock worth $219,000 after purchasing an additional 1,000 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.