Financial Perspectives Inc Reduces Stock Holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Financial Perspectives Inc lessened its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 794 shares of the company’s stock after selling 461 shares during the quarter. Financial Perspectives Inc’s holdings in Fidelity MSCI Financials Index ETF were worth $43,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Lido Advisors LLC boosted its stake in Fidelity MSCI Financials Index ETF by 4.5% during the third quarter. Lido Advisors LLC now owns 1,965,377 shares of the company’s stock worth $91,508,000 after buying an additional 85,382 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 2.5% during the third quarter. Commonwealth Equity Services LLC now owns 352,560 shares of the company’s stock worth $16,415,000 after purchasing an additional 8,492 shares in the last quarter. Galvin Gaustad & Stein LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 74.7% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 178,176 shares of the company’s stock worth $9,541,000 after purchasing an additional 76,162 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Fidelity MSCI Financials Index ETF by 1.2% during the third quarter. Stifel Financial Corp now owns 149,965 shares of the company’s stock worth $6,982,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Quantitative Strategies Inc. lifted its position in shares of Fidelity MSCI Financials Index ETF by 2.9% during the third quarter. Quantitative Strategies Inc. now owns 128,779 shares of the company’s stock worth $5,996,000 after purchasing an additional 3,583 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL traded up $0.49 during mid-day trading on Tuesday, hitting $57.89. 65,038 shares of the company’s stock were exchanged, compared to its average volume of 117,430. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 14.78 and a beta of 0.96. Fidelity MSCI Financials Index ETF has a fifty-two week low of $42.78 and a fifty-two week high of $59.50. The stock’s 50-day moving average is $57.26 and its 200-day moving average is $52.99.

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.