Main Street Financial Solutions LLC Purchases New Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Main Street Financial Solutions LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,183 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FTEC. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $26,000. Fifth Third Bancorp purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $37,000. Promus Capital LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $41,000. Mainstream Capital Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $48,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $150.25 on Friday. The stock has a market cap of $10.61 billion, a PE ratio of 32.28 and a beta of 1.23. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $193.06. The firm’s 50-day simple moving average is $168.00 and its 200 day simple moving average is $178.33.

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.