Ipsen Advisor Group LLC Has $340,000 Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Ipsen Advisor Group LLC decreased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,110 shares of the company’s stock after selling 122 shares during the quarter. Ipsen Advisor Group LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $340,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital & Planning LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 9.6% in the 4th quarter. Capital & Planning LLC now owns 22,730 shares of the company’s stock valued at $4,202,000 after buying an additional 1,998 shares in the last quarter. Brighton Jones LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $5,195,000. Apollon Wealth Management LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $219,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 15.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 22,133 shares of the company’s stock worth $4,092,000 after purchasing an additional 2,918 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $187.07 on Tuesday. The stock has a 50 day simple moving average of $167.30 and a 200 day simple moving average of $176.81. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $193.06. The firm has a market capitalization of $13.36 billion, a PE ratio of 33.64 and a beta of 1.24.

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.