Silver Oak Securities Incorporated Increases Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Silver Oak Securities Incorporated boosted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,624 shares of the company’s stock after purchasing an additional 299 shares during the period. Silver Oak Securities Incorporated’s holdings in Fidelity MSCI Information Technology Index ETF were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 39.8% during the third quarter. DAVENPORT & Co LLC now owns 2,830 shares of the company’s stock valued at $348,000 after buying an additional 805 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 8.4% during the third quarter. Valeo Financial Advisors LLC now owns 3,251 shares of the company’s stock valued at $400,000 after buying an additional 253 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 29.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 166,046 shares of the company’s stock valued at $20,412,000 after buying an additional 37,658 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 28.4% during the third quarter. Stratos Wealth Advisors LLC now owns 2,554 shares of the company’s stock valued at $314,000 after buying an additional 565 shares during the period. Finally, Avaii Wealth Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 11.2% during the third quarter. Avaii Wealth Management LLC now owns 36,407 shares of the company’s stock valued at $4,476,000 after buying an additional 3,679 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $150.29 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $110.80 and a 1 year high of $159.43. The business has a 50 day simple moving average of $152.95 and a two-hundred day simple moving average of $143.95. The firm has a market capitalization of $9.33 billion, a PE ratio of 38.28 and a beta of 1.36.

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.