Fidelity MSCI Information Technology Index ETF $FTEC Holdings Raised by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV lifted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 26.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,365 shares of the company’s stock after purchasing an additional 1,335 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AGF Management Ltd. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.8% during the first quarter. AGF Management Ltd. now owns 607,962 shares of the company’s stock valued at $98,046,000 after purchasing an additional 16,619 shares in the last quarter. LPL Financial LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 3.9% during the first quarter. LPL Financial LLC now owns 403,813 shares of the company’s stock worth $65,123,000 after acquiring an additional 15,205 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 217,130 shares of the company’s stock worth $35,017,000 after acquiring an additional 28,454 shares during the period. Kestra Investment Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 11.4% during the first quarter. Kestra Investment Management LLC now owns 214,133 shares of the company’s stock worth $34,533,000 after acquiring an additional 21,914 shares during the period. Finally, TBH Global Asset Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1,753.6% during the first quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock worth $25,902,000 after acquiring an additional 151,950 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 2.7%

NYSEARCA:FTEC opened at $225.14 on Tuesday. The business’s 50-day moving average price is $213.81 and its 200 day moving average price is $191.93. The firm has a market cap of $16.39 billion, a P/E ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $229.78.

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.