Traynor Capital Management Inc. Sells 1,109 Shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL)

Traynor Capital Management Inc. decreased its position in shares of Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,755 shares of the company’s stock after selling 1,109 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity MSCI Financials Index ETF were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley Brook Capital Group Inc. increased its position in shares of Fidelity MSCI Financials Index ETF by 4.1% during the third quarter. Valley Brook Capital Group Inc. now owns 4,122 shares of the company’s stock worth $263,000 after acquiring an additional 161 shares in the last quarter. Court Place Advisors LLC increased its holdings in Fidelity MSCI Financials Index ETF by 2.0% during the 3rd quarter. Court Place Advisors LLC now owns 8,537 shares of the company’s stock worth $545,000 after purchasing an additional 170 shares in the last quarter. Pacific Sun Financial Corp raised its stake in shares of Fidelity MSCI Financials Index ETF by 4.4% in the third quarter. Pacific Sun Financial Corp now owns 5,818 shares of the company’s stock worth $372,000 after purchasing an additional 246 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 8.2% in the third quarter. Stratos Wealth Advisors LLC now owns 3,833 shares of the company’s stock valued at $245,000 after purchasing an additional 289 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Fidelity MSCI Financials Index ETF by 3.3% during the third quarter. Sigma Planning Corp now owns 9,802 shares of the company’s stock valued at $626,000 after buying an additional 316 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 0.2 %

NYSEARCA FNCL opened at $71.89 on Thursday. The business has a fifty day simple moving average of $70.50 and a 200 day simple moving average of $65.84. Fidelity MSCI Financials Index ETF has a 12 month low of $53.73 and a 12 month high of $73.69. The firm has a market capitalization of $2.00 billion, a P/E ratio of 14.87 and a beta of 0.96.

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.