Axxcess Wealth Management LLC Buys New Shares in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Axxcess Wealth Management LLC bought a new stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 3,456 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AGF Management Ltd. raised its stake in Fidelity MSCI Financials Index ETF by 55.0% in the fourth quarter. AGF Management Ltd. now owns 750,971 shares of the company’s stock valued at $51,577,000 after buying an additional 266,381 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Fidelity MSCI Financials Index ETF by 65.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 633,842 shares of the company’s stock valued at $43,532,000 after buying an additional 249,736 shares in the last quarter. Strategic Point Investment Advisors LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the fourth quarter worth about $14,099,000. Procyon Advisors LLC acquired a new stake in shares of Fidelity MSCI Financials Index ETF during the fourth quarter worth about $4,489,000. Finally, Vicus Capital increased its position in shares of Fidelity MSCI Financials Index ETF by 17.5% during the fourth quarter. Vicus Capital now owns 319,325 shares of the company’s stock worth $21,931,000 after purchasing an additional 47,531 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

FNCL opened at $68.96 on Friday. The business’s 50-day simple moving average is $71.34 and its 200-day simple moving average is $68.95. Fidelity MSCI Financials Index ETF has a one year low of $55.49 and a one year high of $74.26. The stock has a market capitalization of $2.14 billion, a P/E ratio of 16.28 and a beta of 1.10.

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.