Parsons Capital Management Inc. RI Takes Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Parsons Capital Management Inc. RI purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,720 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its holdings in 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 purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $37,000. Sound Income Strategies LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after acquiring an additional 157 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $69,000. Finally, Voisard Asset Management Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $89,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $185.99 on Wednesday. The firm’s 50-day moving average is $187.30 and its two-hundred day moving average is $177.40. The company has a market capitalization of $11.59 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06.

Fidelity MSCI Information Technology Index ETF Company 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.