Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Strong Trading Volume – What’s Next?

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) shares saw an uptick in trading volume on Thursday . 299,690 shares traded hands during trading, an increase of 182% from the previous session’s volume of 106,238 shares.The stock last traded at $68.37 and had previously closed at $68.68.

Fidelity MSCI Financials Index ETF Stock Down 0.5 %

The firm’s 50 day simple moving average is $69.98 and its 200 day simple moving average is $64.66. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lynch & Associates IN boosted its stake in Fidelity MSCI Financials Index ETF by 1.9% during the second quarter. Lynch & Associates IN now owns 33,312 shares of the company’s stock valued at $1,930,000 after buying an additional 623 shares in the last quarter. AGF Management Ltd. boosted its holdings in Fidelity MSCI Financials Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 294,453 shares of the company’s stock worth $17,061,000 after buying an additional 45,703 shares in the last quarter. PFG Advisors grew its position in Fidelity MSCI Financials Index ETF by 0.8% in the second quarter. PFG Advisors now owns 27,950 shares of the company’s stock worth $1,619,000 after buying an additional 223 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 17.1% in the second quarter. AE Wealth Management LLC now owns 62,087 shares of the company’s stock valued at $3,597,000 after buying an additional 9,074 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Fidelity MSCI Financials Index ETF by 5.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 119,858 shares of the company’s stock valued at $6,945,000 after acquiring an additional 6,465 shares during the last quarter.

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.