Aspetuck Financial Management LLC Invests $1.52 Million in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Aspetuck Financial Management LLC bought a new stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the first quarter, Holdings Channel.com reports. The institutional investor bought 21,878 shares of the company’s stock, valued at approximately $1,521,000. Fidelity MSCI Financials Index ETF comprises about 1.3% of Aspetuck Financial Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. lifted its position in Fidelity MSCI Financials Index ETF by 2.6% during the fourth quarter. Centaurus Financial Inc. now owns 8,584 shares of the company’s stock valued at $590,000 after acquiring an additional 214 shares during the last quarter. Atlas Brown Inc. lifted its position in Fidelity MSCI Financials Index ETF by 6.5% during the first quarter. Atlas Brown Inc. now owns 3,646 shares of the company’s stock valued at $253,000 after acquiring an additional 224 shares during the last quarter. Cornerstone Management Inc. lifted its position in Fidelity MSCI Financials Index ETF by 4.6% during the first quarter. Cornerstone Management Inc. now owns 6,168 shares of the company’s stock valued at $429,000 after acquiring an additional 270 shares during the last quarter. Montis Financial LLC lifted its position in Fidelity MSCI Financials Index ETF by 2.9% during the fourth quarter. Montis Financial LLC now owns 9,776 shares of the company’s stock valued at $671,000 after acquiring an additional 273 shares during the last quarter. Finally, Summit Financial LLC lifted its position in Fidelity MSCI Financials Index ETF by 2.2% during the fourth quarter. Summit Financial LLC now owns 13,821 shares of the company’s stock valued at $949,000 after acquiring an additional 294 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 0.3%

NYSEARCA FNCL opened at $72.51 on Thursday. The company has a fifty day simple moving average of $70.12 and a two-hundred day simple moving average of $69.89. The stock has a market cap of $2.26 billion, a P/E ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a 12-month low of $57.16 and a 12-month high of $74.26.

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.