Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw an uptick in trading volume on Friday . 534,891 shares were traded during trading, an increase of 444% from the previous session’s volume of 98,320 shares.The stock last traded at $65.91 and had previously closed at $65.68.

Fidelity MSCI Financials Index ETF Stock Performance

The stock’s 50 day moving average price is $64.43 and its 200 day moving average price is $60.86. The company has a market capitalization of $1.83 billion, a P/E ratio of 14.87 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. AGF Management Ltd. boosted its stake in 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 acquiring an additional 45,703 shares in the last quarter. Vicus Capital bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $17,355,000. Aptus Capital Advisors LLC grew its stake in shares of Fidelity MSCI Financials Index ETF by 39,786.0% in the 2nd quarter. Aptus Capital Advisors LLC now owns 154,359 shares of the company’s stock valued at $8,944,000 after buying an additional 153,972 shares during the period. Advisory Services Network LLC increased its position in Fidelity MSCI Financials Index ETF by 63.5% in the 1st quarter. Advisory Services Network LLC now owns 126,289 shares of the company’s stock valued at $7,502,000 after buying an additional 49,069 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Fidelity MSCI Financials Index ETF by 5.7% during the 2nd 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.