Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Strong Trading Volume

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares saw strong trading volume on Tuesday . 305,154 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 102,406 shares.The stock last traded at $58.90 and had previously closed at $58.26.

Fidelity MSCI Financials Index ETF Price Performance

The stock has a market capitalization of $1.66 billion, a P/E ratio of 14.87 and a beta of 0.96. The stock’s fifty day moving average is $58.24 and its 200-day moving average is $56.77.

Institutional Trading of Fidelity MSCI Financials Index ETF

Large investors have recently made changes to their positions in the stock. CX Institutional lifted its position in Fidelity MSCI Financials Index ETF by 1.9% during the 2nd quarter. CX Institutional now owns 23,838 shares of the company’s stock worth $1,381,000 after acquiring an additional 436 shares during the last quarter. CWM LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 55.2% during the 2nd quarter. CWM LLC now owns 998 shares of the company’s stock worth $58,000 after purchasing an additional 355 shares during the last quarter. Mather Group LLC. boosted its stake in Fidelity MSCI Financials Index ETF by 416.2% during the 2nd quarter. Mather Group LLC. now owns 7,954 shares of the company’s stock valued at $472,000 after purchasing an additional 6,413 shares during the period. Pathway Financial Advisers LLC acquired a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter valued at approximately $58,000. Finally, Cetera Advisors LLC bought a new position in Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $296,000.

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.