7,680 Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Bought by Elm3 Financial Group LLC

Elm3 Financial Group LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,680 shares of the company’s stock, valued at approximately $1,420,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.2% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $878,000. CWM LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 165.8% in the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after purchasing an additional 1,421 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Fidelity MSCI Information Technology Index ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after purchasing an additional 6,629 shares in the last quarter. FMR LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 3.7% in the third 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 during the period. Finally, Signal Advisors Wealth LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 10.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after buying an additional 153 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $185.80 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock has a 50 day simple moving average of $187.19 and a 200-day simple moving average of $177.69.

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.