Kovitz Investment Group Partners LLC Reduces Stake in Fidelity MSCI Financials Index ETF $FNCL

Kovitz Investment Group Partners LLC reduced its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,496 shares of the company’s stock after selling 15,858 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.60% of Fidelity MSCI Financials Index ETF worth $14,731,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FNCL. AlphaCore Capital LLC increased its position in shares of Fidelity MSCI Financials Index ETF by 833.3% during the 4th quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the last quarter. Colonial Trust Co SC boosted its stake in Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after buying an additional 206 shares during the period. Sound Income Strategies LLC increased its position in Fidelity MSCI Financials Index ETF by 340.6% during the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after acquiring an additional 470 shares during the last quarter. Larson Financial Group LLC increased its position in Fidelity MSCI Financials Index ETF by 1,427.5% during the third quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock valued at $47,000 after acquiring an additional 571 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Fidelity MSCI Financials Index ETF by 1,387.2% in the fourth quarter. Allworth Financial LP now owns 699 shares of the company’s stock valued at $54,000 after acquiring an additional 652 shares during the period.

Fidelity MSCI Financials Index ETF Trading Down 1.1%

Fidelity MSCI Financials Index ETF stock opened at $76.03 on Friday. Fidelity MSCI Financials Index ETF has a 12-month low of $67.76 and a 12-month high of $80.31. The firm has a 50-day moving average price of $74.04 and a 200-day moving average price of $74.61. The firm has a market capitalization of $2.27 billion, a PE ratio of 17.73 and a beta of 0.90.

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.