Elk River Wealth Management LLC Has $282,000 Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Elk River Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,616 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Elk River Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTEC. Integrated Advisors Network LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 38.0% during the 4th quarter. Integrated Advisors Network LLC now owns 13,868 shares of the company’s stock worth $1,992,000 after acquiring an additional 3,819 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 11.4% during the 4th quarter. Centaurus Financial Inc. now owns 1,469 shares of the company’s stock worth $211,000 after acquiring an additional 150 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $34,000. Adirondack Trust Co. boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 29.8% during the 4th quarter. Adirondack Trust Co. now owns 2,980 shares of the company’s stock worth $458,000 after acquiring an additional 685 shares during the period. Finally, Marotta Asset Management boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 17.4% during the 1st quarter. Marotta Asset Management now owns 10,433 shares of the company’s stock worth $1,626,000 after acquiring an additional 1,549 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC traded up $2.07 during trading on Monday, hitting $180.72. The stock had a trading volume of 51,766 shares, compared to its average volume of 265,073. The company has a 50 day moving average price of $168.45 and a 200-day moving average price of $164.38. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $181.28.

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.