Succession Financial Inc. Acquires 5,527 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Succession Financial Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 46.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,483 shares of the company’s stock after acquiring an additional 5,527 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 5.1% of Succession Financial Inc.’s holdings, making the stock its 6th largest holding. Succession Financial Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Highland Investment Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $40,000. Continuum Advisory LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $66,000. MidFirst Bank acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $73,000. AdvisorNet Financial Inc raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 176.2% during the 1st quarter. AdvisorNet Financial Inc now owns 359 shares of the company’s stock valued at $75,000 after buying an additional 229 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $81,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.0%

Shares of FTEC stock opened at $301.79 on Wednesday. The stock has a market cap of $22.27 billion, a PE ratio of 35.45 and a beta of 1.34. The business has a 50-day simple moving average of $292.21 and a 200-day simple moving average of $273.00. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $311.83.

Fidelity MSCI Information Technology Index ETF 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.