Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Strong Trading Volume – Time to Buy?

Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw unusually-high trading volume on Monday . Approximately 332,179 shares were traded during trading, an increase of 224% from the previous session’s volume of 102,407 shares.The stock last traded at $72.86 and had previously closed at $73.31.

Fidelity MSCI Financials Index ETF Stock Down 1.0 %

The firm’s 50 day simple moving average is $67.50 and its two-hundred day simple moving average is $62.77. The stock has a market cap of $2.02 billion, a P/E ratio of 14.87 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. AGF Management Ltd. lifted its holdings in Fidelity MSCI Financials Index ETF by 18.4% in the second quarter. AGF Management Ltd. now owns 294,453 shares of the company’s stock worth $17,061,000 after purchasing an additional 45,703 shares during the period. Vicus Capital acquired a new stake in Fidelity MSCI Financials Index ETF in the third quarter worth about $17,355,000. Aptus Capital Advisors LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 39,786.0% in the second quarter. Aptus Capital Advisors LLC now owns 154,359 shares of the company’s stock worth $8,944,000 after purchasing an additional 153,972 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Fidelity MSCI Financials Index ETF by 13.3% in the third quarter. Thrivent Financial for Lutherans now owns 135,757 shares of the company’s stock worth $8,669,000 after purchasing an additional 15,899 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Financials Index ETF by 266.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,131 shares of the company’s stock worth $5,686,000 after purchasing an additional 71,320 shares during the period.

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.