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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.94 and last traded at $69.69, with a volume of 1132 shares traded. The stock had previously closed at $66.13.

Fidelity MSCI Financials Index ETF Stock Up 6.7 %

The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. The company’s 50-day moving average is $64.54 and its 200-day moving average is $61.03.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Large investors have recently bought and sold shares of the company. Lifeworks Advisors LLC acquired a new stake in Fidelity MSCI Financials Index ETF in the third quarter valued at $1,159,000. Sigma Planning Corp lifted its stake in Fidelity MSCI Financials Index ETF by 3.3% during the third quarter. Sigma Planning Corp now owns 9,802 shares of the company’s stock worth $626,000 after purchasing an additional 316 shares during the last quarter. Beckerman Institutional LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at $353,000. Valley Brook Capital Group Inc. increased its stake in shares of Fidelity MSCI Financials Index ETF by 4.1% in the third quarter. Valley Brook Capital Group Inc. now owns 4,122 shares of the company’s stock valued at $263,000 after buying an additional 161 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Fidelity MSCI Financials Index ETF by 11,189.3% in the third quarter. Farther Finance Advisors LLC now owns 3,161 shares of the company’s stock valued at $202,000 after purchasing an additional 3,133 shares during the period.

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.