Modern Wealth Management LLC Acquires Shares of 56,656 Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Modern Wealth Management LLC bought a new position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 56,656 shares of the company’s stock, valued at approximately $4,145,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AGF Management Ltd. raised its holdings in shares of Fidelity MSCI Financials Index ETF by 55.0% in the fourth quarter. AGF Management Ltd. now owns 750,971 shares of the company’s stock valued at $51,577,000 after acquiring an additional 266,381 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Fidelity MSCI Financials Index ETF by 65.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 633,842 shares of the company’s stock worth $43,532,000 after acquiring an additional 249,736 shares in the last quarter. Congress Wealth Management LLC DE increased its position in Fidelity MSCI Financials Index ETF by 0.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 320,907 shares of the company’s stock valued at $22,040,000 after purchasing an additional 2,464 shares during the period. Vicus Capital raised its holdings in shares of Fidelity MSCI Financials Index ETF by 17.5% in the 4th quarter. Vicus Capital now owns 319,325 shares of the company’s stock valued at $21,931,000 after purchasing an additional 47,531 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 116.1% in the 4th quarter. LPL Financial LLC now owns 224,613 shares of the company’s stock worth $15,426,000 after purchasing an additional 120,675 shares during the period.

Fidelity MSCI Financials Index ETF Stock Up 0.5 %

Shares of FNCL stock opened at $70.64 on Wednesday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 16.28 and a beta of 1.10. Fidelity MSCI Financials Index ETF has a 52-week low of $55.49 and a 52-week high of $74.26. The company’s 50 day moving average is $71.43 and its 200 day moving average is $69.09.

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.