Wealthstar Advisors LLC Purchases 1,374 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Wealthstar Advisors LLC increased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,251 shares of the company’s stock after buying an additional 1,374 shares during the period. Fidelity MSCI Information Technology Index ETF comprises approximately 0.7% of Wealthstar Advisors LLC’s holdings, making the stock its 18th largest position. Wealthstar Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,927,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of New Hampshire purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth $25,000. Larson Financial Group LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 193.8% in the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $34,000. Key Financial Inc purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $43,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.1 %

FTEC stock traded up $1.93 during mid-day trading on Thursday, hitting $176.25. The company had a trading volume of 142,647 shares, compared to its average volume of 239,528. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $118.39 and a 12-month high of $176.34. The company has a 50-day moving average price of $162.09 and a 200 day moving average price of $154.10.

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.