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 on Wednesday . The stock traded as high as $69.94 and last traded at $69.69, with a volume of 1132 shares traded. The stock had previously closed at $66.13.

Fidelity MSCI Financials Index ETF Trading Up 0.9 %

The firm has a fifty day simple moving average of $64.91 and a two-hundred day simple moving average of $61.24. The firm has a market cap of $1.95 billion, a PE ratio of 14.87 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Prospera Financial Services Inc purchased a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter worth approximately $218,000. Thrivent Financial for Lutherans grew its stake in Fidelity MSCI Financials Index ETF by 13.3% in the third quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after purchasing an additional 15,899 shares during the period. Lifeworks Advisors LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the third quarter worth $1,159,000. Sigma Planning Corp grew its stake in Fidelity MSCI Financials Index ETF by 3.3% in the third quarter. Sigma Planning Corp now owns 9,802 shares of the company’s stock worth $626,000 after purchasing an additional 316 shares during the period. Finally, Beckerman Institutional LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the third quarter worth $353,000.

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.