Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Reaches New 1-Year High – Still a Buy?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.07 and last traded at $74.05, with a volume of 47394 shares changing hands. The stock had previously closed at $73.53.

Fidelity MSCI Financials Index ETF Price Performance

The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. The business’s 50-day moving average price is $70.77 and its 200 day moving average price is $66.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in Fidelity MSCI Financials Index ETF in the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth about $34,000. Assetmark Inc. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 1,128.0% during the 4th quarter. Assetmark Inc. now owns 614 shares of the company’s stock worth $42,000 after buying an additional 564 shares during the period. PNC Financial Services Group Inc. grew its stake in Fidelity MSCI Financials Index ETF by 48.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,223 shares of the company’s stock valued at $84,000 after buying an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Fidelity MSCI Financials Index ETF in the 4th quarter valued at about $98,000.

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.