Axxcess Wealth Management LLC Reduces Stock Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Axxcess Wealth Management LLC cut its stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 13.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,383 shares of the company’s stock after selling 674 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FNCL. McGlone Suttner Wealth Management Inc. purchased a new position in Fidelity MSCI Financials Index ETF in the fourth quarter valued at about $102,000. Secure Asset Management LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $282,000. Glass Jacobson Investment Advisors llc grew its position in shares of Fidelity MSCI Financials Index ETF by 12.1% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 11,334 shares of the company’s stock valued at $607,000 after purchasing an additional 1,223 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $428,000. Finally, Williams & Novak LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $218,000.

Fidelity MSCI Financials Index ETF Price Performance

FNCL stock opened at $61.61 on Friday. The company’s 50 day simple moving average is $58.82 and its 200-day simple moving average is $57.39. The firm has a market capitalization of $1.71 billion, a PE 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 $62.43.

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.