Lido Advisors LLC purchased a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,777,660 shares of the company’s stock, valued at approximately $210,324,000. Fidelity MSCI Financials Index ETF comprises about 0.5% of Lido Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Lido Advisors LLC owned about 9.58% of Fidelity MSCI Financials Index ETF at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of FNCL. Latitude Advisors LLC purchased a new stake in Fidelity MSCI Financials Index ETF during the 3rd quarter valued at approximately $52,000. Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $82,000. West Branch Capital LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter valued at approximately $93,000. Parallel Advisors LLC acquired a new position in Fidelity MSCI Financials Index ETF in the 3rd quarter valued at about $93,000. Finally, Bessemer Group Inc. purchased a new position in shares of Fidelity MSCI Financials Index ETF during the first quarter valued at approximately $106,000.
Fidelity MSCI Financials Index ETF Stock Up 0.3%
Shares of NYSEARCA:FNCL opened at $82.18 on Wednesday. The company has a market cap of $2.36 billion, a P/E ratio of 15.95 and a beta of 0.90. Fidelity MSCI Financials Index ETF has a 52 week low of $67.76 and a 52 week high of $84.55. The business has a fifty day simple moving average of $79.24 and a 200-day simple moving average of $76.67.
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.
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