Traynor Capital Management Inc. Decreases Holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Traynor Capital Management Inc. trimmed its position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 7.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,755 shares of the company’s stock after selling 1,109 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Fidelity MSCI Financials Index ETF by 43.4% in the third quarter. Franklin Resources Inc. now owns 3,306 shares of the company’s stock valued at $219,000 after acquiring an additional 1,000 shares during the period. FMR LLC lifted its stake in shares of Fidelity MSCI Financials Index ETF by 6.1% in the 3rd quarter. FMR LLC now owns 60,002 shares of the company’s stock worth $3,831,000 after purchasing an additional 3,438 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Fidelity MSCI Financials Index ETF by 19.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,017 shares of the company’s stock worth $384,000 after purchasing an additional 992 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.7% in the second quarter. Thrivent Financial for Lutherans now owns 119,858 shares of the company’s stock worth $6,945,000 after buying an additional 6,465 shares during the last quarter. Finally, Maltin Wealth Management Inc. grew its position in Fidelity MSCI Financials Index ETF by 2.1% during the third quarter. Maltin Wealth Management Inc. now owns 55,093 shares of the company’s stock valued at $3,518,000 after buying an additional 1,109 shares during the period.

Fidelity MSCI Financials Index ETF Trading Down 0.2 %

FNCL opened at $71.89 on Thursday. Fidelity MSCI Financials Index ETF has a 1-year low of $53.73 and a 1-year high of $73.69. The firm’s 50 day simple moving average is $70.50 and its two-hundred day simple moving average is $65.84. The company has a market capitalization of $2.00 billion, a PE ratio of 14.87 and a beta of 0.96.

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.