Fidelity MSCI Financials Index ETF
FNCL
45 hedge funds and large institutions have $59.7M invested in Fidelity MSCI Financials Index ETF in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 11 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
8.58% less ownership
Funds ownership: 33.9% → 25.32% (-8.6%)
15% less funds holding
Funds holding: 53 → 45 (-8)
28% less capital invested
Capital invested by funds: $83.1M → $59.7M (-$23.4M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| 1 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$2.78M |
| 2 |
Morgan Stanley
New York
|
+$1.92M |
| 3 |
ST
Spinnaker Trust
Portland,
Maine
|
+$1.49M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$1.35M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$787K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| – | -$311K | -11,313 | Closed |
|
|
IA
52
IFP Advisors
Tampa,
Florida
| – | -$46K | -1,654 | Closed |
|
53
Citigroup
New York
| – | -$19K | -688 | Closed |
|
|
FMP
54
Financial Management Professionals
Austin,
Texas
| – | -$13K | -474 | Closed |
|
|
ZB
55
Zions Bancorporation
Salt Lake City,
Utah
| – | -$7K | -244 | Closed |
|
FNCL Hedge Fund Activity: Q3 2016 in Review
45 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q3 2016, worth a combined $59.7M — down 28% from $83.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FNCL and 5 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 16 added.
The largest buyer was Chas P. Smith & Associates (CPS), adding an estimated $2.78M. The largest seller was TRUE Private Wealth Advisors, exiting entirely with an estimated $6.19M sold.
- 45 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q3 2016, down from 53 in Q2 2016.
- Funds reported $59.7M of Fidelity MSCI Financials Index ETF stock for Q3 2016, down 28% quarter-over-quarter.
- 5 funds opened new Fidelity MSCI Financials Index ETF positions in Q3 2016 and 11 closed out, a net change of -6 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q3 2016 was Chas P. Smith & Associates (CPS), an estimated $2.78M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q3 2016 was TRUE Private Wealth Advisors, an estimated $6.19M sold.
Based on aggregated 13F filings for Q3 2016.