Brighton Jones LLC Has $3.35 Million Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Brighton Jones LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,113 shares of the company’s stock after purchasing an additional 1,458 shares during the period. Brighton Jones LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Aptus Capital Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at $32,000. Harbor Investment Advisory LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $69,000. Voisard Asset Management Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $89,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $90,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $192.30 on Friday. The business has a 50-day simple moving average of $186.82 and a two-hundred day simple moving average of $177.16. The company has a market capitalization of $11.98 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $192.96.

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.