Financial Perspectives Inc Boosts Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Financial Perspectives Inc grew its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 27,749 shares of the company’s stock after purchasing an additional 97 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up 1.7% of Financial Perspectives Inc’s holdings, making the stock its 17th biggest holding. Financial Perspectives Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,130,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FTEC. Aptus Capital Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $37,000. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $48,000. Sound Income Strategies LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 146.7% during the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after purchasing an additional 157 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $69,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.7 %

FTEC stock opened at $191.51 on Wednesday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06. The company’s 50 day moving average is $187.11 and its two-hundred day moving average is $178.96. The stock has a market cap of $11.93 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.