IFP Advisors Inc Increases Stake in Fidelity MSCI Information Technology Index ETF $FTEC

IFP Advisors Inc raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,383 shares of the company’s stock after buying an additional 141 shares during the period. IFP Advisors Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTEC. Brighton Jones LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% during the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after buying an additional 1,458 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 33.6% in the first quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $568,000 after purchasing an additional 878 shares during the period. Goldstone Financial Group LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 14.7% in the first quarter. Goldstone Financial Group LLC now owns 47,541 shares of the company’s stock worth $7,667,000 after purchasing an additional 6,085 shares during the period. Pacific Sun Financial Corp boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 37.4% in the first quarter. Pacific Sun Financial Corp now owns 2,207 shares of the company’s stock worth $356,000 after purchasing an additional 601 shares during the period. Finally, Crane Advisory LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 21.4% in the first quarter. Crane Advisory LLC now owns 1,322 shares of the company’s stock worth $204,000 after purchasing an additional 233 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $219.27 on Friday. The firm has a market cap of $15.94 billion, a P/E ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $229.78. The company has a 50 day simple moving average of $213.41 and a two-hundred day simple moving average of $191.31.

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.