Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 52-Week High – Should You Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares hit a new 52-week high during trading on Monday . The company traded as high as $81.40 and last traded at $81.31, with a volume of 5435 shares traded. The stock had previously closed at $80.22.

Fidelity MSCI Financials Index ETF Stock Performance

The company has a market capitalization of $2.40 billion, a PE ratio of 17.73 and a beta of 0.90. The company’s fifty day moving average is $76.95 and its 200-day moving average is $74.84.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FNCL. BIP Wealth LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 5.1% in the first quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock valued at $231,000 after acquiring an additional 161 shares in the last quarter. Colonial Trust Co SC boosted its stake in Fidelity MSCI Financials Index ETF by 56.9% in the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares during the period. Smith Salley Wealth Management grew its holdings in Fidelity MSCI Financials Index ETF by 0.4% during the 4th quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock valued at $4,378,000 after buying an additional 209 shares in the last quarter. IFP Advisors Inc raised its position in shares of Fidelity MSCI Financials Index ETF by 5.1% during the fourth quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock valued at $338,000 after buying an additional 213 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 14.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock worth $133,000 after buying an additional 223 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

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.