Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Hits New 1-Year High – What’s Next?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $80.64 and last traded at $80.59, with a volume of 6161 shares trading hands. The stock had previously closed at $79.86.

Fidelity MSCI Financials Index ETF Stock Up 1.1%

The stock has a 50 day moving average price of $75.38 and a 200 day moving average price of $74.72. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 17.73 and a beta of 0.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strategic Point Investment Advisors LLC boosted its position in Fidelity MSCI Financials Index ETF by 2.8% during the 2nd quarter. Strategic Point Investment Advisors LLC now owns 224,324 shares of the company’s stock worth $17,174,000 after buying an additional 6,051 shares during the period. First Heartland Consultants Inc. acquired a new position in Fidelity MSCI Financials Index ETF in the 2nd quarter valued at approximately $201,000. Howard Financial Services LTD. acquired a new position in Fidelity MSCI Financials Index ETF in the 2nd quarter valued at approximately $223,000. Centaurus Financial Inc. raised its stake in shares of Fidelity MSCI Financials Index ETF by 4.1% during the first quarter. Centaurus Financial Inc. now owns 8,787 shares of the company’s stock valued at $617,000 after acquiring an additional 343 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Fidelity MSCI Financials Index ETF by 370.6% during the first quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock valued at $5,608,000 after acquiring an additional 62,906 shares during 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.