Traynor Capital Management Inc. bought a new position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 14,264 shares of the company’s stock, valued at approximately $1,080,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Latitude Advisors LLC bought a new stake in Fidelity MSCI Financials Index ETF during the third quarter worth approximately $52,000. Sigma Planning Corp bought a new position in shares of Fidelity MSCI Financials Index ETF in the third quarter valued at $410,000. Valley National Advisers Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF in the third quarter valued at $172,000. Simplicity Wealth LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at $564,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at $250,000.
Fidelity MSCI Financials Index ETF Stock Performance
Shares of NYSEARCA:FNCL opened at $81.34 on Tuesday. The company has a market capitalization of $2.36 billion, a PE ratio of 17.73 and a beta of 0.91. The stock has a fifty day moving average of $79.35 and a 200-day moving average of $76.53. Fidelity MSCI Financials Index ETF has a one year low of $67.76 and a one year high of $83.35.
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.
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