Sovran Advisors LLC Invests $1.01 Million in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sovran Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,588 shares of the company’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTEC. CWM LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 165.8% during the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after acquiring an additional 1,421 shares during the last quarter. JPMorgan Chase & Co. raised its position in Fidelity MSCI Information Technology Index ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares during the period. Silver Oak Securities Incorporated boosted its stake in Fidelity MSCI Information Technology Index ETF by 5.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock valued at $815,000 after acquiring an additional 216 shares during the last quarter. FMR LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after acquiring an additional 5,739 shares during the period. Finally, Signal Advisors Wealth LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 10.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock worth $296,000 after purchasing an additional 153 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2 %

Shares of NYSEARCA FTEC opened at $186.85 on Wednesday. The stock has a fifty day simple moving average of $187.29 and a two-hundred day simple moving average of $178.15. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.