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

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) hit a new 52-week high on Thursday . The company traded as high as $71.76 and last traded at $71.76, with a volume of 65748 shares trading hands. The stock had previously closed at $70.72.

Fidelity MSCI Financials Index ETF Trading Up 1.4 %

The business has a fifty day simple moving average of $66.19 and a two-hundred day simple moving average of $62.04. The company has a market cap of $1.99 billion, a PE ratio of 14.87 and a beta of 0.96.

Institutional Trading of Fidelity MSCI Financials Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. increased its stake in Fidelity MSCI Financials Index ETF by 416.2% during the second quarter. Mather Group LLC. now owns 7,954 shares of the company’s stock worth $472,000 after purchasing an additional 6,413 shares during the period. AGF Management Ltd. increased its stake in shares of Fidelity MSCI Financials Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 294,453 shares of the company’s stock worth $17,061,000 after buying an additional 45,703 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the first quarter worth approximately $296,000. Comerica Bank increased its stake in shares of Fidelity MSCI Financials Index ETF by 12.8% during the first quarter. Comerica Bank now owns 3,818 shares of the company’s stock worth $227,000 after buying an additional 432 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Fidelity MSCI Financials Index ETF by 5.7% during the second quarter. Thrivent Financial for Lutherans now owns 119,858 shares of the company’s stock worth $6,945,000 after buying an additional 6,465 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.