MCF Advisors LLC Boosts Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

MCF Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 981.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,308 shares of the company’s stock after purchasing an additional 1,187 shares during the quarter. MCF Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of FTEC. Aptus Capital Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $32,000. Harbor Investment Advisory LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $69,000. Voisard Asset Management Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $89,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $90,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $188.17 on Wednesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $192.96. The firm has a market capitalization of $11.72 billion, a P/E ratio of 37.14 and a beta of 1.41. The stock’s fifty day moving average is $186.61 and its two-hundred day moving average is $176.98.

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.