West Branch Capital LLC Reduces Stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

West Branch Capital LLC lowered its holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 11.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,525 shares of the company’s stock after selling 205 shares during the period. West Branch Capital LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CX Institutional purchased a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $27,000. AdvisorNet Financial Inc purchased a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $27,000. Fifth Third Bancorp purchased a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter worth approximately $33,000. Assetmark Inc. lifted its stake in shares of Fidelity MSCI Financials Index ETF by 1,128.0% in the 4th quarter. Assetmark Inc. now owns 614 shares of the company’s stock valued at $42,000 after purchasing an additional 564 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 278.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 741 shares of the company’s stock valued at $51,000 after purchasing an additional 545 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Down 2.1%

NYSEARCA FNCL opened at $70.39 on Friday. Fidelity MSCI Financials Index ETF has a twelve month low of $56.75 and a twelve month high of $74.26. The firm has a market capitalization of $2.20 billion, a PE ratio of 16.71 and a beta of 1.02. The stock’s 50 day moving average is $69.04 and its 200 day moving average is $69.96.

Fidelity MSCI Financials Index ETF 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.