Crane Advisory LLC Boosts Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Crane Advisory LLC raised its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,322 shares of the company’s stock after acquiring an additional 233 shares during the period. Crane Advisory LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in FTEC. Jones Financial Companies Lllp raised its position in shares of Fidelity MSCI Information Technology Index ETF by 40.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,969 shares of the company’s stock worth $919,000 after acquiring an additional 1,437 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $219,000. Cerity Partners LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 81.1% in the fourth quarter. Cerity Partners LLC now owns 2,409 shares of the company’s stock worth $445,000 after acquiring an additional 1,079 shares during the period. Whalerock Point Partners LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 0.9% in the fourth quarter. Whalerock Point Partners LLC now owns 10,298 shares of the company’s stock worth $1,904,000 after acquiring an additional 89 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 33.6% in the first quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $568,000 after acquiring an additional 878 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $185.51 on Monday. The firm has a 50-day simple moving average of $170.74 and a two-hundred day simple moving average of $176.89. The company has a market cap of $13.25 billion, a P/E ratio of 33.64 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two 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.