Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Stock Price Down 1.1% – What’s Next?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares fell 1.1% on Monday. The company traded as low as $76.81 and last traded at $76.84. Approximately 134,628 shares changed hands during trading, an increase of 6% from the average daily volume of 126,992 shares. The stock had previously closed at $77.73.

Fidelity MSCI Financials Index ETF Stock Performance

The stock has a market capitalization of $2.24 billion, a P/E ratio of 17.73 and a beta of 0.89. The firm has a fifty day moving average price of $81.10 and a two-hundred day moving average price of $76.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNCL. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 154.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,298 shares of the company’s stock worth $2,320,000 after buying an additional 18,414 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Fidelity MSCI Financials Index ETF during the second quarter valued at approximately $246,000. Corient Private Wealth LP increased its holdings in Fidelity MSCI Financials Index ETF by 8.4% during the second quarter. Corient Private Wealth LP now owns 6,531 shares of the company’s stock valued at $500,000 after buying an additional 508 shares during the last quarter. Ameritas Advisory Services LLC raised its position in Fidelity MSCI Financials Index ETF by 12.9% in the second quarter. Ameritas Advisory Services LLC now owns 29,201 shares of the company’s stock worth $2,236,000 after acquiring an additional 3,332 shares during the period. Finally, Noble Wealth Partners LLC bought a new position in Fidelity MSCI Financials Index ETF in the second quarter worth approximately $526,000.

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.