Axxcess Wealth Management LLC Increases Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Axxcess Wealth Management LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,333 shares of the company’s stock after buying an additional 277 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FTEC. Larson Financial Group LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 193.8% during the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after buying an additional 124 shares in the last quarter. NBC Securities Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $29,000. Provence Wealth Management Group bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $37,000. Key Financial Inc bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $38,000. Finally, SYM FINANCIAL Corp bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $53,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.1 %

Shares of NYSEARCA:FTEC opened at $153.09 on Thursday. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12 month low of $113.12 and a 12 month high of $159.43. The firm’s 50-day moving average is $152.75 and its 200 day moving average is $145.05.

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.