Investment Advisory Services Group LLC Invests $4.67 Million in Fidelity MSCI Information Technology Index ETF $FTEC

Investment Advisory Services Group LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,789 shares of the company’s stock, valued at approximately $4,671,000. Fidelity MSCI Information Technology Index ETF comprises about 4.1% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds have also bought and sold shares of FTEC. Mercer Global Advisors Inc. ADV boosted its position in Fidelity MSCI Information Technology Index ETF by 6,087.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares during the last quarter. Vicus Capital lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,666.4% in the 4th quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after purchasing an additional 108,577 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% in the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after purchasing an additional 104,830 shares during the period. PFG Advisors bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $22,364,000. Finally, Orion Porfolio Solutions LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 406.9% during the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock worth $21,321,000 after purchasing an additional 86,780 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $271.46 on Tuesday. The company has a market cap of $19.74 billion, a P/E ratio of 35.45 and a beta of 1.31. The stock has a 50 day simple moving average of $226.64 and a two-hundred day simple moving average of $225.77. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $175.39 and a fifty-two week high of $272.11.

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.