Fidelity MSCI Information Technology Index ETF $FTEC Stock Purchased by Independence Financial Advisors LLC

Independence Financial Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.6% during the 3rd quarter, Holdings Channel reports. The firm owned 150,522 shares of the company’s stock after acquiring an additional 9,259 shares during the period. Fidelity MSCI Information Technology Index ETF comprises about 11.4% of Independence Financial Advisors LLC’s holdings, making the stock its 2nd biggest holding. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $45,166,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Strengthening Families & Communities LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 2.5% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,520 shares of the company’s stock valued at $434,000 after buying an additional 37 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 4.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 925 shares of the company’s stock worth $278,000 after acquiring an additional 40 shares during the last quarter. Eley Financial Management Inc grew its holdings in Fidelity MSCI Information Technology Index ETF by 0.3% in the 1st quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after acquiring an additional 41 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.1% in the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock valued at $202,000 after acquiring an additional 47 shares during the period. Finally, Daviman Financial LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the first quarter. Daviman Financial LLC now owns 1,005 shares of the company’s stock valued at $209,000 after acquiring an additional 81 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 1.7%

Shares of NYSEARCA:FTEC traded down $5.16 during midday trading on Thursday, hitting $303.76. 306,233 shares of the stock traded hands, compared to its average volume of 365,885. The business’s 50 day moving average is $290.01 and its two-hundred day moving average is $270.44. The stock has a market capitalization of $22.33 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year high of $311.83.

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.