Avantax Advisory Services Inc. Raises Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Avantax Advisory Services Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,299 shares of the company’s stock after purchasing an additional 760 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FTEC. Aptus Capital Advisors LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Fifth Third Bancorp purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $37,000. Promus Capital LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $48,000.

Fidelity MSCI Information Technology Index ETF Trading Up 3.2 %

Shares of FTEC stock opened at $167.55 on Monday. The company has a market capitalization of $11.83 billion, a P/E ratio of 33.25 and a beta of 1.17. The business’s 50 day moving average is $182.18 and its two-hundred day moving average is $180.36. 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.