Envestnet Asset Management Inc. Decreases Position in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Envestnet Asset Management Inc. lowered its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,407 shares of the company’s stock after selling 9,339 shares during the period. Envestnet Asset Management Inc. owned 0.49% of Fidelity MSCI Financials Index ETF worth $7,845,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FNCL. Wells Fargo & Company MN grew its stake in Fidelity MSCI Financials Index ETF by 3.4% in the 4th quarter. Wells Fargo & Company MN now owns 144,761 shares of the company’s stock valued at $7,752,000 after buying an additional 4,779 shares in the last quarter. Stifel Financial Corp grew its stake in Fidelity MSCI Financials Index ETF by 9.0% in the 4th quarter. Stifel Financial Corp now owns 163,441 shares of the company’s stock valued at $8,752,000 after buying an additional 13,476 shares in the last quarter. Trail Ridge Investment Advisors LLC purchased a new position in Fidelity MSCI Financials Index ETF in the 4th quarter valued at approximately $202,000. ICA Group Wealth Management LLC purchased a new position in Fidelity MSCI Financials Index ETF in the 4th quarter valued at approximately $27,000. Finally, Mather Group LLC. purchased a new position in Fidelity MSCI Financials Index ETF in the 1st quarter valued at approximately $92,000.

Fidelity MSCI Financials Index ETF Trading Up 0.3 %

Fidelity MSCI Financials Index ETF stock opened at $63.63 on Friday. Fidelity MSCI Financials Index ETF has a 1-year low of $43.90 and a 1-year high of $64.62. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.87 and a beta of 0.96. The firm has a 50 day simple moving average of $62.01 and a 200 day simple moving average of $59.54.

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.