Mutual Advisors LLC Grows Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Mutual Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 375.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,368 shares of the company’s stock after acquiring an additional 35,034 shares during the quarter. Mutual Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,073,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $26,000. Heartwood Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $32,000. First Horizon Corp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $34,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $41,000. Finally, Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $47,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.8%

Shares of NYSEARCA FTEC opened at $222.96 on Friday. The firm has a market cap of $16.59 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $240.25. The company has a 50 day moving average of $226.04 and a 200 day moving average of $219.93.

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.