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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $73.75 and last traded at $73.68, with a volume of 13418 shares. The stock had previously closed at $73.02.

Fidelity MSCI Financials Index ETF Trading Up 1.2 %

The company has a 50-day moving average price of $70.70 and a two-hundred day moving average price of $66.36. The stock has a market cap of $2.05 billion, a P/E ratio of 14.87 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its position in shares of Fidelity MSCI Financials Index ETF by 631.6% during the second quarter. Susquehanna International Group LLP now owns 88,851 shares of the company’s stock valued at $5,148,000 after buying an additional 76,706 shares during the period. Creative Planning grew its position in Fidelity MSCI Financials Index ETF by 16.1% in the 2nd quarter. Creative Planning now owns 7,189 shares of the company’s stock valued at $417,000 after acquiring an additional 997 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Financials Index ETF by 266.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,131 shares of the company’s stock worth $5,686,000 after purchasing an additional 71,320 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Fidelity MSCI Financials Index ETF by 9.7% during the second quarter. Sunbelt Securities Inc. now owns 7,553 shares of the company’s stock worth $438,000 after purchasing an additional 667 shares during the last quarter. Finally, American National Bank & Trust boosted its stake in shares of Fidelity MSCI Financials Index ETF by 34.0% during the third quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock valued at $154,000 after purchasing an additional 614 shares during the period.

Fidelity MSCI Financials Index ETF Company 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.