Acorn Financial Advisory Services Inc. ADV Raises Stock Holdings in Fidelity MSCI Financials Index ETF $FNCL

Acorn Financial Advisory Services Inc. ADV increased its stake in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 34.2% in the second quarter, HoldingsChannel reports. The firm owned 9,471 shares of the company’s stock after buying an additional 2,415 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Fidelity MSCI Financials Index ETF were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FNCL. CX Institutional purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 1st quarter worth $27,000. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 1st quarter worth $33,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity MSCI Financials Index ETF by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,132 shares of the company’s stock worth $704,000 after purchasing an additional 763 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in shares of Fidelity MSCI Financials Index ETF by 2.1% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 32,560 shares of the company’s stock worth $2,264,000 after purchasing an additional 671 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the 1st quarter worth $210,000.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA FNCL opened at $74.56 on Tuesday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 17.73 and a beta of 1.08. Fidelity MSCI Financials Index ETF has a 1-year low of $58.68 and a 1-year high of $77.67. The business has a fifty day moving average price of $75.74 and a 200 day moving average price of $72.41.

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.