Pacific Sun Financial Corp Buys 601 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Pacific Sun Financial Corp increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 37.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,207 shares of the company’s stock after acquiring an additional 601 shares during the quarter. Pacific Sun Financial Corp’s holdings in Fidelity MSCI Information Technology Index ETF were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTEC. Ameriprise Financial Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 242.7% during the fourth quarter. Ameriprise Financial Inc. now owns 216,721 shares of the company’s stock worth $40,067,000 after acquiring an additional 153,479 shares during the last quarter. LPL Financial LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 47.6% during the fourth quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock valued at $71,846,000 after purchasing an additional 125,340 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $12,377,000. Lido Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 2.0% during the fourth quarter. Lido Advisors LLC now owns 1,951,041 shares of the company’s stock valued at $360,708,000 after purchasing an additional 37,440 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 22.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 179,336 shares of the company’s stock valued at $33,156,000 after purchasing an additional 32,295 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.6%

FTEC stock opened at $185.51 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $193.06. The company has a fifty day simple moving average of $170.74 and a two-hundred day simple moving average of $176.98. The firm has a market capitalization of $13.25 billion, a P/E ratio of 33.64 and a beta of 1.24.

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.