Fidelity MSCI Financials Index ETF $FNCL Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,354 shares of the company’s stock after selling 10,399 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $15,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FNCL. Mcrae Capital Management Inc. increased its position in shares of Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock valued at $482,000 after purchasing an additional 202 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in Fidelity MSCI Financials Index ETF by 22.4% during the 3rd quarter. Essex Financial Services Inc. now owns 8,836 shares of the company’s stock worth $675,000 after buying an additional 1,618 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 10.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 25,946 shares of the company’s stock valued at $1,981,000 after acquiring an additional 2,435 shares during the last quarter. Aspire Capital Advisors LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 56.4% during the 3rd quarter. Aspire Capital Advisors LLC now owns 42,553 shares of the company’s stock worth $3,248,000 after acquiring an additional 15,337 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Fidelity MSCI Financials Index ETF by 133.9% during the 3rd quarter. Assetmark Inc. now owns 1,048 shares of the company’s stock worth $80,000 after acquiring an additional 600 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Down 3.4%

Shares of FNCL opened at $72.32 on Tuesday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a 52-week low of $58.68 and a 52-week high of $80.31. The stock has a 50 day moving average price of $77.04 and a 200 day moving average price of $75.98.

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.