D.B. Root & Company LLC Sells 566 Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

D.B. Root & Company LLC reduced its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,384 shares of the company’s stock after selling 566 shares during the quarter. D.B. Root & Company LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mutual Advisors LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 2.5% during the 4th quarter. Mutual Advisors LLC now owns 6,107 shares of the company’s stock valued at $433,000 after purchasing an additional 147 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Fidelity MSCI Financials Index ETF in the fourth quarter valued at approximately $206,000. Beaumont Financial Advisors LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 12.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 24,739 shares of the company’s stock valued at $1,699,000 after acquiring an additional 2,689 shares during the last quarter. Amplius Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Financials Index ETF in the 4th quarter worth approximately $206,000. Finally, Harbor Investment Advisory LLC bought a new stake in Fidelity MSCI Financials Index ETF during the 4th quarter worth approximately $98,000.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL opened at $71.89 on Thursday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. The stock has a fifty day moving average price of $70.50 and a two-hundred day moving average price of $65.84. Fidelity MSCI Financials Index ETF has a 52-week low of $53.73 and a 52-week high of $73.69.

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.