Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 146.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the company’s stock after purchasing an additional 157 shares during the quarter. Sound Income Strategies LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $49,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. EverSource Wealth Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth about $32,000. Marshall Wace LLP acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $456,000. Copperwynd Financial LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $230,000. Creative Planning increased its stake in Fidelity MSCI Information Technology Index ETF by 43.6% during the 2nd quarter. Creative Planning now owns 27,849 shares of the company’s stock valued at $4,777,000 after purchasing an additional 8,450 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 7.4% in the second quarter. Sunbelt Securities Inc. now owns 14,541 shares of the company’s stock worth $2,494,000 after buying an additional 1,005 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.0 %

NYSEARCA:FTEC opened at $190.45 on Friday. The firm has a fifty day simple moving average of $187.21 and a 200-day simple moving average of $177.35. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The company has a market capitalization of $11.87 billion, a P/E 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.