Advisory Alpha LLC Purchases Shares of 1,980 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Advisory Alpha LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,980 shares of the company’s stock, valued at approximately $366,000.

Other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth $32,000. Harbor Investment Advisory LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $69,000. Voisard Asset Management Group Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth $89,000. Finally, FSA Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth $90,000.

Fidelity MSCI Information Technology Index ETF Stock Up 0.1 %

Shares of FTEC stock opened at $192.30 on Friday. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock has a fifty day moving average of $186.82 and a 200 day moving average of $177.16. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $192.96.

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.