Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,568 shares of the company’s stock after acquiring an additional 1,269 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,027,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Lifeworks Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 169.8% during the 1st quarter. Lifeworks Advisors LLC now owns 48,446 shares of the company’s stock worth $7,813,000 after acquiring an additional 30,492 shares in the last quarter. AE Wealth Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 12.0% during the 1st quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock worth $499,000 after acquiring an additional 330 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $25,000. Efficient Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $1,020,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $1,308,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $206.76 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $208.87. The firm has a fifty day moving average of $193.16 and a two-hundred day moving average of $179.28. The firm has a market cap of $14.74 billion, a P/E ratio of 35.45 and a beta of 1.16.

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.