Strategic Financial Concepts LLC Buys New Holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Strategic Financial Concepts LLC acquired a new position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 23,763 shares of the company’s stock, valued at approximately $1,632,000.

A number of other large investors have also added to or reduced their stakes in the company. Vicus Capital bought a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter worth approximately $17,355,000. Strategic Point Investment Advisors LLC bought a new stake in Fidelity MSCI Financials Index ETF in the 4th quarter worth approximately $14,099,000. Thrivent Financial for Lutherans increased its stake in Fidelity MSCI Financials Index ETF by 13.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after acquiring an additional 15,899 shares during the last quarter. Quantitative Strategies Inc. increased its stake in Fidelity MSCI Financials Index ETF by 3.2% in the 3rd quarter. Quantitative Strategies Inc. now owns 89,025 shares of the company’s stock worth $5,685,000 after acquiring an additional 2,767 shares during the last quarter. Finally, Procyon Advisors LLC bought a new stake in Fidelity MSCI Financials Index ETF in the 4th quarter worth approximately $4,489,000.

Fidelity MSCI Financials Index ETF Price Performance

NYSEARCA:FNCL opened at $73.17 on Tuesday. Fidelity MSCI Financials Index ETF has a 1 year low of $54.05 and a 1 year high of $74.25. The stock’s 50 day simple moving average is $70.77 and its two-hundred day simple moving average is $67.00. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96.

About Fidelity MSCI Financials Index ETF

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.