Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 1-Year High – Should You Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.64 and last traded at $80.59, with a volume of 6161 shares traded. The stock had previously closed at $79.86.

Fidelity MSCI Financials Index ETF Price Performance

The stock has a 50 day moving average of $75.64 and a 200 day moving average of $74.73. The firm has a market cap of $2.36 billion, a P/E ratio of 17.73 and a beta of 0.90.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors have recently modified their holdings of the company. BIP Wealth LLC lifted its stake in 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 worth $231,000 after purchasing an additional 161 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock valued at $44,000 after buying an additional 206 shares during the last quarter. Smith Salley Wealth Management grew its stake in shares of Fidelity MSCI Financials Index ETF by 0.4% during the fourth 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 during the last quarter. IFP Advisors Inc increased its holdings in shares of Fidelity MSCI Financials Index ETF by 5.1% in the fourth quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock worth $338,000 after buying an additional 213 shares during the period. Finally, Qube Research & Technologies Ltd increased 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 during the period.

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.