Fidelity MSCI Financials Index ETF $FNCL Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 71.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,137 shares of the company’s stock after selling 10,405 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FNCL. Charles Schwab Investment Management Inc. increased its position in Fidelity MSCI Financials Index ETF by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after acquiring an additional 51,401 shares during the period. Commonwealth Equity Services LLC boosted its position in Fidelity MSCI Financials Index ETF by 5.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock worth $36,866,000 after acquiring an additional 25,627 shares during the period. LPL Financial LLC boosted its position in Fidelity MSCI Financials Index ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock worth $27,043,000 after acquiring an additional 56,045 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Fidelity MSCI Financials Index ETF by 3,442.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock worth $20,928,000 after purchasing an additional 266,401 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Fidelity MSCI Financials Index ETF by 17.2% in the first quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock worth $17,002,000 after purchasing an additional 35,569 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL opened at $82.51 on Wednesday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89. Fidelity MSCI Financials Index ETF has a one year low of $67.76 and a one year high of $82.74. The stock’s fifty day moving average is $77.72 and its 200-day moving average is $74.95.

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.