Advisory Alpha LLC Takes $366,000 Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Advisory Alpha LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,980 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $878,000. CWM LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 165.8% in the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after acquiring an additional 1,421 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares in the last quarter. FMR LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 10.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock worth $296,000 after acquiring an additional 153 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $192.30 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $192.96. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company has a fifty day moving average price of $186.82 and a 200-day moving average price of $177.16.

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.