Focus Financial Network Inc. Raises Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Focus Financial Network Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,159 shares of the company’s stock after buying an additional 192 shares during the period. Focus Financial Network Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,508,000 at the end of the most recent reporting period.

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

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $186.85 on Wednesday. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06. The business has a 50 day simple moving average of $187.29 and a two-hundred day simple moving average of $178.15. The firm has a market capitalization of $11.64 billion, a price-to-earnings 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.