Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sets New 1-Year High – Should You Buy?

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) hit a new 52-week high on Wednesday . The stock traded as high as $69.94 and last traded at $69.69, with a volume of 1132 shares changing hands. The stock had previously closed at $66.13.

Fidelity MSCI Financials Index ETF Trading Up 0.9 %

The company has a market capitalization of $1.95 billion, a PE ratio of 14.87 and a beta of 0.96. The firm has a fifty day moving average of $64.91 and a two-hundred day moving average of $61.24.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc purchased a new stake in Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $218,000. Thrivent Financial for Lutherans lifted its holdings in Fidelity MSCI Financials Index ETF by 13.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after buying an additional 15,899 shares during the period. Lifeworks Advisors LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter worth approximately $1,159,000. Sigma Planning Corp lifted its holdings in Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Sigma Planning Corp now owns 9,802 shares of the company’s stock worth $626,000 after buying an additional 316 shares during the period. Finally, Beckerman Institutional LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter worth approximately $353,000.

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.