Cetera Investment Advisers Buys 5,763 Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Cetera Investment Advisers lifted its stake in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 35.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,061 shares of the company’s stock after purchasing an additional 5,763 shares during the period. Cetera Investment Advisers’ holdings in Fidelity MSCI Financials Index ETF were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Truist Financial Corp bought a new stake in shares of Fidelity MSCI Financials Index ETF in the fourth quarter worth approximately $690,000. Assetmark Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 1,128.0% in the fourth quarter. Assetmark Inc. now owns 614 shares of the company’s stock worth $42,000 after acquiring an additional 564 shares during the period. US Bancorp DE bought a new stake in shares of Fidelity MSCI Financials Index ETF in the fourth quarter worth approximately $180,000. Wells Fargo & Company MN grew its position in Fidelity MSCI Financials Index ETF by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 142,593 shares of the company’s stock valued at $9,793,000 after buying an additional 16,079 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in Fidelity MSCI Financials Index ETF during the fourth quarter valued at approximately $203,000.

Fidelity MSCI Financials Index ETF Trading Down 0.6%

Shares of NYSEARCA FNCL opened at $72.20 on Wednesday. The firm has a 50 day moving average of $67.81 and a 200 day moving average of $69.86. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 16.71 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a 12-month low of $56.75 and a 12-month high of $74.26.

About Fidelity MSCI Financials Index ETF

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.