Physician Wealth Advisors Inc. Purchases New Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Physician Wealth Advisors Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,049 shares of the company’s stock, valued at approximately $194,000.

Other hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.8% during the 4th quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after acquiring an additional 68 shares during the period. Accelerate Investment Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 7.6% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after purchasing an additional 94 shares during the last quarter. Valley Brook Capital Group Inc. boosted its position in Fidelity MSCI Information Technology Index ETF by 4.6% during the fourth quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock worth $402,000 after purchasing an additional 95 shares during the period. Financial Perspectives Inc increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.4% in the fourth quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock worth $5,130,000 after purchasing an additional 97 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 5.3% in the fourth quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock valued at $368,000 after purchasing an additional 100 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 2.6 %

Fidelity MSCI Information Technology Index ETF stock opened at $161.51 on Monday. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. The firm has a 50 day simple moving average of $178.66 and a 200 day simple moving average of $180.57. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06.

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.