Strategic Financial Concepts LLC Purchases Shares of 28,102 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,102 shares of the company’s stock, valued at approximately $5,195,000.

Other large investors have also modified their holdings of the company. CWM LLC increased its position in Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after purchasing an additional 1,421 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after purchasing an additional 6,629 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after purchasing an additional 216 shares during the period. FMR LLC increased its position in Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 10.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after buying an additional 153 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 0.4 %

FTEC opened at $190.25 on Monday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company has a fifty day simple moving average of $187.11 and a 200 day simple moving average of $178.77.

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.