Silver Oak Securities Incorporated Raises Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Silver Oak Securities Incorporated grew its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,365 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Fidelity MSCI Information Technology Index ETF were worth $815,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Elm3 Financial Group LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $1,420,000. Brandywine Oak Private Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $213,000. Stratos Wealth Partners LTD. raised its position in Fidelity MSCI Information Technology Index ETF by 5.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 13,056 shares of the company’s stock valued at $2,414,000 after purchasing an additional 699 shares during the period. Catalina Capital Group LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 4.2% in the 4th quarter. Catalina Capital Group LLC now owns 2,711 shares of the company’s stock valued at $501,000 after purchasing an additional 110 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 21.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,636 shares of the company’s stock worth $487,000 after purchasing an additional 461 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 0.9 %

Shares of FTEC opened at $184.75 on Friday. The company’s 50-day moving average price is $187.30 and its 200 day moving average price is $177.81. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06. The firm has a market cap of $11.51 billion, a P/E ratio of 37.14 and a beta of 1.41.

About Fidelity MSCI Information Technology Index ETF

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.