Verdence Capital Advisors LLC Invests $201,000 in Fidelity MSCI Information Technology Index ETF $FTEC

Verdence Capital Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 2nd quarter, Holdings Channel reports. The fund purchased 1,020 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in FTEC. IMA Advisory Services Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $25,000. Legacy Wealth Managment LLC ID bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $49,000. Whittier Trust Co. bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $51,000. Finally, Rossby Financial LCC bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $57,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.2%

Shares of FTEC stock opened at $223.73 on Friday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $134.11 and a 12-month high of $229.78. The company has a market capitalization of $16.31 billion, a P/E ratio of 35.45 and a beta of 1.16. The firm has a 50-day moving average price of $214.90 and a 200 day moving average price of $192.79.

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.