Strategic Point Investment Advisors LLC Invests $14.10 Million in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Strategic Point Investment Advisors LLC bought a new position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 205,290 shares of the company’s stock, valued at approximately $14,099,000. Fidelity MSCI Financials Index ETF comprises about 2.3% of Strategic Point Investment Advisors LLC’s portfolio, making the stock its 16th largest position. Strategic Point Investment Advisors LLC owned approximately 0.74% of Fidelity MSCI Financials Index ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna International Group LLP raised its holdings in Fidelity MSCI Financials Index ETF by 631.6% in the 2nd quarter. Susquehanna International Group LLP now owns 88,851 shares of the company’s stock worth $5,148,000 after acquiring an additional 76,706 shares during the last quarter. Creative Planning lifted its stake in Fidelity MSCI Financials Index ETF by 16.1% during the 2nd quarter. Creative Planning now owns 7,189 shares of the company’s stock valued at $417,000 after acquiring an additional 997 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 266.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 98,131 shares of the company’s stock valued at $5,686,000 after acquiring an additional 71,320 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 9.7% in the second quarter. Sunbelt Securities Inc. now owns 7,553 shares of the company’s stock worth $438,000 after acquiring an additional 667 shares during the period. Finally, American National Bank & Trust raised its holdings in shares of 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 valued at $154,000 after purchasing an additional 614 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.9 %

Shares of Fidelity MSCI Financials Index ETF stock opened at $73.67 on Thursday. Fidelity MSCI Financials Index ETF has a twelve month low of $53.73 and a twelve month high of $73.69. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. The company’s 50 day moving average is $70.65 and its 200 day moving average is $66.31.

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.