Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 52-Week High – Time to Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCLGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $73.37 and last traded at $73.37, with a volume of 5186 shares. The stock had previously closed at $73.12.

Fidelity MSCI Financials Index ETF Stock Performance

The company has a market capitalization of $2.04 billion, a P/E ratio of 14.87 and a beta of 0.96. The stock has a fifty day moving average of $66.95 and a 200 day moving average of $62.46.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF during the third quarter valued at approximately $34,000. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 1st quarter valued at $58,000. CWM LLC grew its stake in Fidelity MSCI Financials Index ETF by 55.2% in the second quarter. CWM LLC now owns 998 shares of the company’s stock valued at $58,000 after purchasing an additional 355 shares during the last quarter. TFC Financial Management Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF during the 2nd quarter worth approximately $58,000. Finally, American National Bank increased 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 purchasing an additional 589 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

(Get Free Report)

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.

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