Smith Shellnut Wilson LLC ADV Makes New $5.67 Million Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Smith Shellnut Wilson LLC ADV bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, Holdings Channel reports. The institutional investor bought 18,907 shares of the company’s stock, valued at approximately $5,673,000. Fidelity MSCI Information Technology Index ETF accounts for approximately 2.2% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares in the last quarter. Independence Financial Advisors LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.6% in the 3rd quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after purchasing an additional 9,259 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.1% in the 1st quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock valued at $38,168,000 after purchasing an additional 10,516 shares during the period. SteelPeak Wealth LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 2,389.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 85,540 shares of the company’s stock worth $25,667,000 after purchasing an additional 82,104 shares during the last quarter. Finally, Morningstar Investment Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 24.0% in the 1st quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock worth $24,540,000 after purchasing an additional 22,808 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 1.7%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $291.85 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The business has a fifty day simple moving average of $292.40 and a 200 day simple moving average of $276.47. The stock has a market cap of $21.66 billion, a PE ratio of 35.45 and a beta of 1.34.

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.