Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 12-Month High – Time to Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.75 and last traded at $77.5950, with a volume of 9280 shares trading hands. The stock had previously closed at $76.77.

Fidelity MSCI Financials Index ETF Stock Performance

The business’s 50 day moving average price is $74.79 and its 200-day moving average price is $74.49. The firm has a market capitalization of $2.46 billion, a PE ratio of 17.73 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNCL. US Bancorp DE grew its stake in shares of Fidelity MSCI Financials Index ETF by 27.4% in the first quarter. US Bancorp DE now owns 3,341 shares of the company’s stock valued at $232,000 after buying an additional 719 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in Fidelity MSCI Financials Index ETF by 9.0% during the 1st quarter. Meridian Wealth Management LLC now owns 16,457 shares of the company’s stock valued at $1,144,000 after acquiring an additional 1,356 shares during the period. Valley Brook Capital Group Inc. grew its position in Fidelity MSCI Financials Index ETF by 4.4% in the 1st quarter. Valley Brook Capital Group Inc. now owns 4,419 shares of the company’s stock valued at $307,000 after acquiring an additional 186 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at about $788,000. Finally, Compound Planning Inc. purchased a new stake in Fidelity MSCI Financials Index ETF during the first quarter worth about $202,000.

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.