Savvy Advisors Inc. Grows Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Savvy Advisors Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 59.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,167 shares of the company’s stock after purchasing an additional 2,678 shares during the quarter. Savvy Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,251,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth about $32,000. Lynx Investment Advisory bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $37,000. Advisors Preferred LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth approximately $63,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $89,000. Finally, McClarren Financial Advisors Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 851.9% in the second quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock worth $88,000 after purchasing an additional 460 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.1 %

Shares of NYSEARCA FTEC opened at $184.87 on Tuesday. The business has a fifty day simple moving average of $173.72 and a two-hundred day simple moving average of $168.28. The firm has a market cap of $11.52 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a twelve month low of $131.35 and a twelve month high of $186.33.

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.