Commonwealth Equity Services LLC Cuts Holdings in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Commonwealth Equity Services LLC decreased its position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 362,528 shares of the company’s stock after selling 2,914 shares during the period. Commonwealth Equity Services LLC owned about 1.30% of Fidelity MSCI Financials Index ETF worth $21,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Fidelity MSCI Financials Index ETF by 2.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 30,095 shares of the company’s stock worth $1,744,000 after purchasing an additional 848 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Fidelity MSCI Financials Index ETF by 2.6% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,328 shares of the company’s stock worth $483,000 after purchasing an additional 210 shares in the last quarter. American National Bank increased its stake in shares of 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 worth $105,000 after purchasing an additional 589 shares in the last quarter. TFC Financial Management Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter worth about $58,000. Finally, Capital Investment Counsel Inc increased its stake in shares of Fidelity MSCI Financials Index ETF by 3.8% during the second quarter. Capital Investment Counsel Inc now owns 6,079 shares of the company’s stock worth $352,000 after purchasing an additional 221 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.8 %

FNCL stock opened at $64.23 on Tuesday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 14.87 and a beta of 0.96. The firm has a 50-day simple moving average of $60.35 and a 200-day simple moving average of $58.64. Fidelity MSCI Financials Index ETF has a 52 week low of $43.90 and a 52 week high of $64.33.

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.