Freedom Investment Management Inc. Sells 2,589 Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Freedom Investment Management Inc. decreased its position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,837 shares of the company’s stock after selling 2,589 shares during the quarter. Freedom Investment Management Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in Fidelity MSCI Financials Index ETF during the first quarter worth $58,000. CWM LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 55.2% during the 2nd quarter. CWM LLC now owns 998 shares of the company’s stock worth $58,000 after purchasing an additional 355 shares during the period. TFC Financial Management Inc. purchased a new position in shares of Fidelity MSCI Financials Index ETF in the 2nd quarter worth about $58,000. American National Bank grew its position in Fidelity MSCI Financials Index ETF by 48.4% during the second quarter. American National Bank now owns 1,805 shares of the company’s stock valued at $105,000 after buying an additional 589 shares during the period. Finally, American National Bank & Trust increased its holdings in Fidelity MSCI Financials Index ETF by 34.0% during the third quarter. American National Bank & Trust now owns 2,419 shares of the company’s stock worth $154,000 after buying an additional 614 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.1 %

FNCL opened at $73.31 on Friday. Fidelity MSCI Financials Index ETF has a twelve month low of $49.83 and a twelve month high of $73.69. The company’s 50-day moving average price is $67.50 and its two-hundred day moving average price is $62.72. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96.

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.