Advisors Capital Management LLC Buys 764 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Advisors Capital Management LLC boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,551 shares of the company’s stock after acquiring an additional 764 shares during the period. Advisors Capital Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $472,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTEC. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $26,000. Fifth Third Bancorp purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $37,000. Promus Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $41,000. Mainstream Capital Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $48,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $156.42 on Wednesday. The business’s fifty day moving average is $169.41 and its 200 day moving average is $178.69. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 32.28 and a beta of 1.23. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $193.06.

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.