Farther Finance Advisors LLC Purchases 1,594 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Farther Finance Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 45.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,086 shares of the company’s stock after acquiring an additional 1,594 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,003,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FTEC. TBH Global Asset Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1,753.6% during the 1st quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock valued at $25,902,000 after purchasing an additional 151,950 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $16,917,000. Independence Financial Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $9,858,000. CacheTech Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $6,532,000. Finally, Morningstar Investment Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 59.3% in the 1st quarter. Morningstar Investment Management LLC now owns 95,925 shares of the company’s stock worth $15,470,000 after acquiring an additional 35,702 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $219.93 on Thursday. The company has a market capitalization of $15.77 billion, a P/E ratio of 35.45 and a beta of 1.16. The company’s 50-day simple moving average is $208.76 and its two-hundred day simple moving average is $186.43. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $223.99.

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.