261 Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 261 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds have also modified their holdings of FTEC. Alpha Financial Partners LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $1,129,000. CWM LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after purchasing an additional 1,421 shares during the last quarter. PFG Advisors boosted its position in Fidelity MSCI Information Technology Index ETF by 6.8% during the third quarter. PFG Advisors now owns 86,868 shares of the company’s stock valued at $15,158,000 after purchasing an additional 5,527 shares during the last quarter. Lynch & Associates IN boosted its position in Fidelity MSCI Information Technology Index ETF by 3.8% during the third quarter. Lynch & Associates IN now owns 22,873 shares of the company’s stock valued at $3,991,000 after purchasing an additional 843 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 19.1% during the third quarter. SeaCrest Wealth Management LLC now owns 5,269 shares of the company’s stock valued at $919,000 after purchasing an additional 845 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $186.85 on Wednesday. The stock has a 50 day moving average price of $187.29 and a 200 day moving average price of $178.15. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The stock has a market capitalization of $11.64 billion, a PE ratio of 37.14 and a beta of 1.41.

About Fidelity MSCI Information Technology Index ETF

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.