Goldstone Financial Group LLC Invests $7.66 Million in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Goldstone Financial Group LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 41,456 shares of the company’s stock, valued at approximately $7,664,000. Fidelity MSCI Information Technology Index ETF makes up approximately 1.2% of Goldstone Financial Group LLC’s holdings, making the stock its 26th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after acquiring an additional 809,315 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth $23,275,000. Eaton Financial Holdings Company LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $12,347,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 93.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock valued at $17,096,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 578.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,708 shares of the company’s stock worth $6,418,000 after buying an additional 29,589 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.7 %

Shares of FTEC stock opened at $183.94 on Friday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $140.72 and a 12-month high of $192.96. The company has a 50 day moving average of $186.56 and a 200-day moving average of $176.79. The firm has a market cap of $11.46 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.