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

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

Fidelity MSCI Financials Index ETF Stock Up 1.4 %

The company’s fifty day moving average is $66.19 and its 200 day moving average is $62.04. The stock 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

Several large investors have recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the third quarter worth approximately $34,000. Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the first quarter worth approximately $58,000. CWM LLC grew its position in shares of Fidelity MSCI Financials Index ETF by 55.2% during the second quarter. CWM LLC now owns 998 shares of the company’s stock worth $58,000 after buying an additional 355 shares in the last quarter. TFC Financial Management Inc. acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter worth approximately $58,000. Finally, American National Bank grew its position in shares of Fidelity MSCI Financials Index ETF by 48.4% during the second quarter. American National Bank now owns 1,805 shares of the company’s stock worth $105,000 after buying an additional 589 shares in the last quarter.

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.