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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.29 and last traded at $83.0370, with a volume of 5998 shares changing hands. The stock had previously closed at $82.00.

Fidelity MSCI Financials Index ETF Stock Performance

The company has a 50 day simple moving average of $81.07 and a two-hundred day simple moving average of $75.93. The company has a market cap of $2.42 billion, a PE ratio of 17.73 and a beta of 0.89.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock worth $146,307,000 after buying an additional 51,401 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 5.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock worth $36,866,000 after buying an additional 25,627 shares in the last quarter. LPL Financial LLC raised its holdings in Fidelity MSCI Financials Index ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock worth $27,043,000 after purchasing an additional 56,045 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Fidelity MSCI Financials Index ETF by 3,442.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock valued at $20,928,000 after acquiring an additional 266,401 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Fidelity MSCI Financials Index ETF by 17.2% in the 1st quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock valued at $17,002,000 after acquiring an additional 35,569 shares during the last quarter.

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.