Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 52-Week High – Here’s Why

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $71.76 and last traded at $71.76, with a volume of 65748 shares trading hands. The stock had previously closed at $70.72.

Fidelity MSCI Financials Index ETF Stock Performance

The firm has a fifty day moving average price of $66.38 and a 200 day moving average price of $62.11. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the third quarter worth $34,000. Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Financials Index ETF in the first quarter valued at $58,000. TFC Financial Management Inc. acquired a new position in Fidelity MSCI Financials Index ETF in the second quarter valued at $58,000. CWM LLC lifted its stake in shares of 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 purchasing an additional 355 shares in the last quarter. Finally, American National Bank lifted its stake 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

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.