Mutual Advisors LLC Acquires 35,034 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Mutual Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 375.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,368 shares of the company’s stock after acquiring an additional 35,034 shares during the quarter. Mutual Advisors LLC owned about 0.06% of Fidelity MSCI Information Technology Index ETF worth $10,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. American National Bank & Trust lifted its position in Fidelity MSCI Information Technology Index ETF by 180.9% during the third quarter. American National Bank & Trust now owns 8,685 shares of the company’s stock valued at $1,930,000 after buying an additional 5,593 shares during the period. CWM LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 36.8% in the 2nd quarter. CWM LLC now owns 6,392 shares of the company’s stock worth $1,261,000 after acquiring an additional 1,719 shares in the last quarter. Armor Investment Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.0% in the 2nd quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock worth $16,284,000 after acquiring an additional 845 shares in the last quarter. Allworth Financial LP lifted its position in Fidelity MSCI Information Technology Index ETF by 11.0% during the 2nd quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock valued at $3,745,000 after acquiring an additional 1,883 shares during the period. Finally, Archer Investment Corp boosted its stake in Fidelity MSCI Information Technology Index ETF by 510.2% during the second quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after acquiring an additional 1,959 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $222.96 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25. The company has a 50 day simple moving average of $226.04 and a two-hundred day simple moving average of $219.93. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.