Algorithmic Investment Models LLC Sells 18,283 Shares of Fidelity MSCI Financials Index ETF $FNCL

Algorithmic Investment Models LLC lessened its position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 22.0% in the third quarter, Holdings Channel.com reports. The firm owned 64,876 shares of the company’s stock after selling 18,283 shares during the period. Fidelity MSCI Financials Index ETF makes up about 3.3% of Algorithmic Investment Models LLC’s investment portfolio, making the stock its 15th largest position. Algorithmic Investment Models LLC’s holdings in Fidelity MSCI Financials Index ETF were worth $4,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AGF Management Ltd. raised its stake in shares of Fidelity MSCI Financials Index ETF by 47.4% during the 3rd quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock worth $65,186,000 after purchasing an additional 274,708 shares in the last quarter. Modern Wealth Management LLC increased its holdings in Fidelity MSCI Financials Index ETF by 139.9% during the second quarter. Modern Wealth Management LLC now owns 137,539 shares of the company’s stock worth $10,183,000 after buying an additional 80,205 shares during the last quarter. Ameriprise Financial Inc. raised its position in Fidelity MSCI Financials Index ETF by 120.4% during the second quarter. Ameriprise Financial Inc. now owns 103,983 shares of the company’s stock worth $7,702,000 after acquiring an additional 56,806 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Fidelity MSCI Financials Index ETF by 3,394.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 56,819 shares of the company’s stock worth $4,207,000 after acquiring an additional 55,193 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Fidelity MSCI Financials Index ETF in the first quarter valued at $2,344,000.

Fidelity MSCI Financials Index ETF Price Performance

Shares of FNCL opened at $74.87 on Monday. The company has a market cap of $2.37 billion, a PE ratio of 17.73 and a beta of 1.02. The firm has a 50-day moving average of $77.15 and a 200-day moving average of $75.98. Fidelity MSCI Financials Index ETF has a one year low of $58.68 and a one year high of $80.31.

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.