Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 12-Month High – Still a Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $67.50 and last traded at $67.50, with a volume of 236 shares. The stock had previously closed at $66.10.

Fidelity MSCI Financials Index ETF Stock Up 1.2 %

The stock has a market capitalization of $1.87 billion, a PE ratio of 14.87 and a beta of 0.96. The firm has a 50 day moving average price of $63.09 and a 200 day moving average price of $60.12.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pathway Financial Advisers LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter valued at about $58,000. TFC Financial Management Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter valued at approximately $58,000. CWM LLC lifted its holdings in 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 acquiring an additional 355 shares during the period. American National Bank boosted its position in Fidelity MSCI Financials Index ETF by 73.5% in the first quarter. American National Bank now owns 1,216 shares of the company’s stock worth $72,000 after purchasing an additional 515 shares during the last quarter. Finally, Mather Group LLC. bought a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at $92,000.

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.