Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Acquired by CAP Partners LLC

CAP Partners LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.1% in the first quarter, Holdings Channel.com reports. The firm owned 8,147 shares of the company’s stock after buying an additional 398 shares during the period. Fidelity MSCI Information Technology Index ETF comprises 1.1% of CAP Partners LLC’s portfolio, making the stock its 24th largest holding. CAP Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Claro Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $1,437,000. Diversified Trust Co bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $242,000. Maltin Wealth Management Inc. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 0.7% in the 1st quarter. Maltin Wealth Management Inc. now owns 15,338 shares of the company’s stock worth $2,390,000 after acquiring an additional 112 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,382 shares of the company’s stock valued at $2,709,000 after acquiring an additional 287 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Fidelity MSCI Information Technology Index ETF by 3.1% during the 1st quarter. Brookstone Capital Management now owns 29,361 shares of the company’s stock valued at $4,576,000 after acquiring an additional 890 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC traded up $1.10 during trading hours on Tuesday, hitting $174.23. 223,561 shares of the stock were exchanged, compared to its average volume of 240,296. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock has a 50-day simple moving average of $161.50 and a 200-day simple moving average of $153.95. Fidelity MSCI Information Technology Index ETF has a 12 month low of $118.39 and a 12 month high of $176.34.

Fidelity MSCI Information Technology Index ETF Company 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.