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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCLGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.57 and last traded at $80.57, with a volume of 3370 shares trading hands. The stock had previously closed at $80.00.

Fidelity MSCI Financials Index ETF Stock Performance

The business has a fifty day simple moving average of $74.85 and a 200 day simple moving average of $74.67. The company has a market cap of $2.34 billion, a P/E ratio of 17.73 and a beta of 0.90.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Howard Financial Services LTD. bought a new stake in Fidelity MSCI Financials Index ETF during the second quarter valued at $223,000. Centaurus Financial Inc. lifted its position in shares of Fidelity MSCI Financials Index ETF by 4.1% in the 1st quarter. Centaurus Financial Inc. now owns 8,787 shares of the company’s stock worth $617,000 after buying an additional 343 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 370.6% in the 1st quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock valued at $5,608,000 after buying an additional 62,906 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.7% in the 1st quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock valued at $1,416,000 after buying an additional 1,090 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 13.2% in the 1st quarter. Cetera Investment Advisers now owns 34,664 shares of the company’s stock valued at $2,433,000 after buying an additional 4,043 shares during the period.

Fidelity MSCI Financials Index ETF Company Profile

(Get Free Report)

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.

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