Meridian Wealth Management LLC Invests $1.17 Million in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Meridian Wealth Management LLC bought a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,273 shares of the company’s stock, valued at approximately $1,167,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AGF Management Ltd. increased its stake in Fidelity MSCI Financials Index ETF by 18.4% in the second quarter. AGF Management Ltd. now owns 294,453 shares of the company’s stock valued at $17,061,000 after purchasing an additional 45,703 shares during the period. Vicus Capital acquired a new position in Fidelity MSCI Financials Index ETF in the 3rd quarter valued at about $17,355,000. Aptus Capital Advisors LLC raised its stake in Fidelity MSCI Financials Index ETF by 39,786.0% during the 2nd quarter. Aptus Capital Advisors LLC now owns 154,359 shares of the company’s stock valued at $8,944,000 after acquiring an additional 153,972 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Fidelity MSCI Financials Index ETF by 13.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after acquiring an additional 15,899 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity MSCI Financials Index ETF by 266.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 98,131 shares of the company’s stock valued at $5,686,000 after purchasing an additional 71,320 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Up 1.1 %

NYSEARCA:FNCL opened at $72.47 on Friday. Fidelity MSCI Financials Index ETF has a 12-month low of $49.35 and a 12-month high of $72.56. The stock’s 50 day simple moving average is $66.58 and its 200-day simple moving average is $62.21. The firm has a market cap of $2.01 billion, a P/E ratio of 14.87 and a beta of 0.96.

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.