Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,578 shares of the company’s stock after purchasing an additional 252 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $275,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Aptus Capital Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $32,000. Lynx Investment Advisory acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $37,000. Strategic Financial Concepts LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $43,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 851.9% in the second quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock worth $88,000 after purchasing an additional 460 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $179.39 on Friday. The firm has a fifty day moving average price of $175.32 and a two-hundred day moving average price of $169.01. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.55 and a 1-year high of $186.33. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.