Yoder Wealth Management Inc. Has $6.65 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Yoder Wealth Management Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 20.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,110 shares of the company’s stock after buying an additional 6,568 shares during the period. Fidelity MSCI Information Technology Index ETF makes up about 4.0% of Yoder Wealth Management Inc.’s portfolio, making the stock its 5th largest holding. Yoder Wealth Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $32,000. Lynx Investment Advisory acquired a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $37,000. Strategic Financial Concepts LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $43,000. Sound Income Strategies LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 263.4% during the 1st quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock worth $53,000 after buying an additional 245 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $63,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock traded up $0.45 during mid-day trading on Thursday, reaching $178.00. The company’s stock had a trading volume of 51,859 shares, compared to its average volume of 263,536. Fidelity MSCI Information Technology Index ETF has a 1-year low of $118.39 and a 1-year high of $181.49. The company has a market cap of $11.09 billion, a P/E ratio of 37.14 and a beta of 1.41. The firm’s 50-day moving average is $171.74 and its two-hundred day moving average is $165.67.

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.