Exchange Capital Management Inc. Lowers Holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Exchange Capital Management Inc. lowered its stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 33,997 shares of the company’s stock after selling 1,079 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of FNCL. Choreo LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the 4th quarter worth about $222,000. Arkadios Wealth Advisors acquired a new stake in Fidelity MSCI Financials Index ETF during the 4th quarter worth about $203,000. Franklin Resources Inc. increased its holdings in Fidelity MSCI Financials Index ETF by 43.4% in the third quarter. Franklin Resources Inc. now owns 3,306 shares of the company’s stock valued at $219,000 after buying an additional 1,000 shares in the last quarter. FMR LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 6.1% during the third quarter. FMR LLC now owns 60,002 shares of the company’s stock valued at $3,831,000 after purchasing an additional 3,438 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 19.7% in the third quarter. Fisher Asset Management LLC now owns 6,017 shares of the company’s stock valued at $384,000 after buying an additional 992 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.1 %

Shares of Fidelity MSCI Financials Index ETF stock opened at $71.83 on Tuesday. Fidelity MSCI Financials Index ETF has a 52 week low of $55.49 and a 52 week high of $74.25. The business’s fifty day simple moving average is $71.10 and its 200-day simple moving average is $67.91. The firm has a market cap of $2.23 billion, a PE ratio of 17.12 and a beta of 1.11.

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.