Interchange Capital Partners LLC Makes New $1.21 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Interchange Capital Partners LLC acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,937 shares of the company’s stock, valued at approximately $1,211,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $32,000. Lynx Investment Advisory acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $37,000. McClarren Financial Advisors Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 488.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 312 shares of the company’s stock valued at $490,000 after purchasing an additional 259 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $63,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at $89,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.0 %

NYSEARCA FTEC traded up $1.66 during trading hours on Friday, hitting $174.66. 53,312 shares of the company’s stock were exchanged, compared to its average volume of 262,381. The stock has a 50-day simple moving average of $172.60 and a 200 day simple moving average of $166.61. Fidelity MSCI Information Technology Index ETF has a 1-year low of $124.60 and a 1-year high of $181.99. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

Fidelity MSCI Information Technology Index ETF Company 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.