Essex Financial Services Inc. Takes $222,000 Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Essex Financial Services Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,237 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also bought and sold shares of the stock. Creative Planning raised its holdings in shares of Fidelity MSCI Financials Index ETF by 16.1% during the second quarter. Creative Planning now owns 7,189 shares of the company’s stock valued at $417,000 after purchasing an additional 997 shares during the period. Secure Asset Management LLC bought a new stake in Fidelity MSCI Financials Index ETF in the 3rd quarter valued at about $298,000. Stratos Wealth Advisors LLC raised its stake in Fidelity MSCI Financials Index ETF by 8.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,833 shares of the company’s stock worth $245,000 after buying an additional 289 shares during the period. Vicus Capital bought a new position in Fidelity MSCI Financials Index ETF in the third quarter worth approximately $17,355,000. Finally, International Assets Investment Management LLC acquired a new stake in Fidelity MSCI Financials Index ETF in the third quarter valued at approximately $22,430,000.

Fidelity MSCI Financials Index ETF Stock Up 0.7 %

NYSEARCA FNCL opened at $73.45 on Friday. Fidelity MSCI Financials Index ETF has a 52 week low of $54.65 and a 52 week high of $74.25. The business has a 50 day moving average price of $70.82 and a 200-day moving average price of $67.21. The company 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.