Modern Wealth Management LLC Acquires New Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Modern Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,656 shares of the company’s stock, valued at approximately $4,145,000. Modern Wealth Management LLC owned approximately 0.20% of Fidelity MSCI Financials Index ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Prospera Financial Services Inc bought a new stake in Fidelity MSCI Financials Index ETF during the 3rd quarter valued at approximately $218,000. Fisher Asset Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 19.7% in the third quarter. Fisher Asset Management LLC now owns 6,017 shares of the company’s stock worth $384,000 after buying an additional 992 shares in the last quarter. FMR LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 6.1% during the third quarter. FMR LLC now owns 60,002 shares of the company’s stock worth $3,831,000 after acquiring an additional 3,438 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Fidelity MSCI Financials Index ETF during the third quarter valued at $34,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in Fidelity MSCI Financials Index ETF by 2.6% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 12,373 shares of the company’s stock worth $790,000 after purchasing an additional 316 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

NYSEARCA FNCL opened at $70.64 on Wednesday. The stock has a 50 day moving average price of $71.43 and a 200-day moving average price of $69.09. Fidelity MSCI Financials Index ETF has a one year low of $55.49 and a one year high of $74.26. The company has a market capitalization of $2.19 billion, a P/E ratio of 16.28 and a beta of 1.10.

Fidelity MSCI Financials Index ETF 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.