Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Unusually-High Trading Volume

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw unusually-strong trading volume on Wednesday . Approximately 313,962 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 112,868 shares.The stock last traded at $58.02 and had previously closed at $58.04.

Fidelity MSCI Financials Index ETF Trading Up 0.4 %

The company has a 50-day moving average price of $57.59 and a two-hundred day moving average price of $53.84. The stock has a market cap of $1.62 billion, a P/E ratio of 14.87 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds have recently modified their holdings of FNCL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Fidelity MSCI Financials Index ETF by 2.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,018 shares of the company’s stock valued at $429,000 after acquiring an additional 225 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in Fidelity MSCI Financials Index ETF by 0.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 35,206 shares of the company’s stock valued at $1,639,000 after buying an additional 255 shares in the last quarter. Sunbelt Securities Inc. increased its position in Fidelity MSCI Financials Index ETF by 4.6% during the 1st quarter. Sunbelt Securities Inc. now owns 6,886 shares of the company’s stock valued at $409,000 after buying an additional 301 shares in the last quarter. Mutual Advisors LLC raised its stake in Fidelity MSCI Financials Index ETF by 1.4% in the fourth quarter. Mutual Advisors LLC now owns 23,934 shares of the company’s stock valued at $1,282,000 after buying an additional 342 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Fidelity MSCI Financials Index ETF by 4.3% in the fourth quarter. Private Advisor Group LLC now owns 9,860 shares of the company’s stock worth $528,000 after acquiring an additional 403 shares in the last quarter.

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.