Wealthstar Advisors LLC Buys New Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Wealthstar Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, HoldingsChannel reports. The firm purchased 14,522 shares of the company’s stock, valued at approximately $2,685,000. Fidelity MSCI Information Technology Index ETF accounts for about 1.2% of Wealthstar Advisors LLC’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTEC. CHURCHILL MANAGEMENT Corp raised its stake in Fidelity MSCI Information Technology Index ETF by 0.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock worth $238,738,000 after buying an additional 7,974 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after acquiring an additional 809,315 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $53,085,000. Kestra Investment Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 24.4% during the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after purchasing an additional 33,071 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $184.75 on Monday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The stock has a 50 day simple moving average of $187.29 and a two-hundred day simple moving average of $177.92. The company has a market cap of $11.51 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.