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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) reached a new 52-week high during trading on Wednesday. The stock traded as high as $83.54 and last traded at $83.5170, with a volume of 134,324 shares trading hands. The stock had previously closed at $80.81.

Fidelity MSCI Financials Index ETF Price Performance

The stock has a 50-day moving average of $79.31 and a 200 day moving average of $76.55. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors have recently made changes to their positions in the stock. Latitude Advisors LLC acquired a new position in Fidelity MSCI Financials Index ETF in the third quarter valued at $52,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $82,000. West Branch Capital LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 3rd quarter worth $93,000. Parallel Advisors LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at approximately $93,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 1st quarter worth $110,000.

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.