Palacios Wealth Management LLC Takes $1.07 Million Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Palacios Wealth Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,760 shares of the company’s stock, valued at approximately $1,065,000. Fidelity MSCI Information Technology Index ETF accounts for 1.1% of Palacios Wealth Management LLC’s holdings, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $37,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $48,000. Sound Income Strategies LLC raised its holdings in shares of 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 buying an additional 157 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $69,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $189.44 on Friday. The stock’s 50-day moving average is $187.17 and its two-hundred day moving average is $178.35. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.