Fidelity MSCI Information Technology Index ETF $FTEC Stock Position Raised by Wiser Wealth Management Inc

Wiser Wealth Management Inc increased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,165 shares of the company’s stock after acquiring an additional 308 shares during the quarter. Wiser Wealth Management Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $427,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. TBH Global Asset Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 1,753.6% in the 1st quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock worth $25,902,000 after purchasing an additional 151,950 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter valued at about $16,917,000. Independence Financial Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth about $9,858,000. CacheTech Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth approximately $6,532,000. Finally, Morningstar Investment Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 59.3% in the first quarter. Morningstar Investment Management LLC now owns 95,925 shares of the company’s stock worth $15,470,000 after acquiring an additional 35,702 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $223.94 on Thursday. The firm has a 50 day simple moving average of $210.53 and a 200 day simple moving average of $188.40. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $224.05. The company has a market cap of $16.06 billion, a PE ratio of 35.45 and a beta of 1.16.

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.