Advisory Services Network LLC Increases Stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Advisory Services Network LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 63.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,289 shares of the company’s stock after buying an additional 49,069 shares during the period. Advisory Services Network LLC owned about 0.45% of Fidelity MSCI Financials Index ETF worth $7,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smith Salley Wealth Management increased its holdings in Fidelity MSCI Financials Index ETF by 16.5% during the first quarter. Smith Salley Wealth Management now owns 40,615 shares of the company’s stock valued at $2,413,000 after buying an additional 5,766 shares during the last quarter. Lincoln National Corp boosted its position in shares of Fidelity MSCI Financials Index ETF by 4.4% in the first quarter. Lincoln National Corp now owns 45,958 shares of the company’s stock worth $2,730,000 after purchasing an additional 1,916 shares during the period. Valley Brook Capital Group Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF in the first quarter worth approximately $228,000. Janney Montgomery Scott LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 11.4% in the first quarter. Janney Montgomery Scott LLC now owns 6,730 shares of the company’s stock worth $400,000 after purchasing an additional 689 shares during the period. Finally, Mission Wealth Management LP bought a new position in shares of Fidelity MSCI Financials Index ETF in the first quarter worth approximately $260,000.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL traded up $0.09 during mid-day trading on Friday, reaching $59.72. The stock had a trading volume of 17,817 shares, compared to its average volume of 101,433. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. Fidelity MSCI Financials Index ETF has a 12 month low of $43.90 and a 12 month high of $59.82. The business has a fifty day moving average of $58.29 and a 200 day moving average of $56.79.

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.