Fidelity MSCI Financials Index ETF $FNCL Shares Acquired by Royal Bank of Canada

Royal Bank of Canada increased its position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 370.6% during the first quarter, Holdings Channel reports. The institutional investor owned 79,882 shares of the company’s stock after buying an additional 62,906 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity MSCI Financials Index ETF were worth $5,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FNCL. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 7.8% in the fourth quarter. AE Wealth Management LLC now owns 110,510 shares of the company’s stock valued at $8,591,000 after purchasing an additional 8,002 shares in the last quarter. Yoder Wealth Management Inc. lifted its holdings in Fidelity MSCI Financials Index ETF by 14.5% during the 1st quarter. Yoder Wealth Management Inc. now owns 93,649 shares of the company’s stock worth $6,574,000 after buying an additional 11,835 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in Fidelity MSCI Financials Index ETF by 55.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 38,378 shares of the company’s stock valued at $2,984,000 after buying an additional 13,738 shares during the last quarter. Jacobs Equity LLC bought a new position in Fidelity MSCI Financials Index ETF in the fourth quarter valued at about $1,601,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity MSCI Financials Index ETF by 4.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,088 shares of the company’s stock worth $17,032,000 after purchasing an additional 10,040 shares during the last quarter.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA:FNCL opened at $82.46 on Thursday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89. The company has a 50 day moving average of $78.82 and a 200-day moving average of $75.17. Fidelity MSCI Financials Index ETF has a one year low of $67.76 and a one year high of $83.13.

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.