Sound View Wealth Advisors Group LLC Increases Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sound View Wealth Advisors Group LLC lifted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,372 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $623,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $219,000. JPMorgan Chase & Co. lifted its holdings 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 valued at $22,449,000 after acquiring an additional 6,629 shares during the last quarter. Jones Financial Companies Lllp grew its position in Fidelity MSCI Information Technology Index ETF by 40.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,969 shares of the company’s stock worth $919,000 after acquiring an additional 1,437 shares during the period. Silver Oak Securities Incorporated increased its stake in Fidelity MSCI Information Technology Index ETF by 5.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after acquiring an additional 216 shares during the last quarter. Finally, FMR LLC raised its position 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.

Fidelity MSCI Information Technology Index ETF Trading Up 1.2 %

NYSEARCA FTEC opened at $171.05 on Monday. The stock has a fifty day simple moving average of $184.33 and a 200-day simple moving average of $180.59. The stock has a market cap of $12.45 billion, a PE ratio of 36.37 and a beta of 1.15. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06.

About Fidelity MSCI Information Technology Index ETF

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.