PFG Advisors Makes New $22.36 Million Investment in Fidelity MSCI Information Technology Index ETF $FTEC

PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 100,662 shares of the company’s stock, valued at approximately $22,364,000. Fidelity MSCI Information Technology Index ETF comprises 0.9% of PFG Advisors’ holdings, making the stock its 12th largest holding.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $26,000. AlphaCore Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth $26,000. Heartwood Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth $32,000. First Horizon Corp purchased a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth $34,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $41,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $214.29 on Monday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The firm has a market cap of $15.64 billion, a PE ratio of 35.45 and a beta of 1.24. The stock has a fifty day moving average price of $222.68 and a 200-day moving average price of $222.41.

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.