Avantax Advisory Services Inc. Grows Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Avantax Advisory Services Inc. grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,299 shares of the company’s stock after buying an additional 760 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.6% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the fourth quarter. AGF Management Ltd. now owns 591,343 shares of the company’s stock valued at $109,327,000 after purchasing an additional 16,514 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $53,085,000. Kestra Investment Management LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 13.9% in the fourth quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock valued at $35,538,000 after purchasing an additional 23,449 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $167.55 on Monday. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06. The stock has a market cap of $11.83 billion, a PE ratio of 33.25 and a beta of 1.17. The stock has a 50 day moving average price of $182.18 and a 200 day moving average price of $180.36.

Fidelity MSCI Information Technology Index ETF 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.