CX Institutional Purchases 5,923 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

CX Institutional lifted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,059 shares of the company’s stock after buying an additional 5,923 shares during the period. CX Institutional’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,894,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Aptus Capital Advisors LLC boosted its holdings in shares of 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 valued at $29,000 after buying an additional 68 shares during the period. Capital Advisors Inc. OK boosted its stake in Fidelity MSCI Information Technology Index ETF by 4.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,933 shares of the company’s stock worth $337,000 after purchasing an additional 74 shares during the period. Accelerate Investment Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 7.6% during the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock worth $247,000 after purchasing an additional 94 shares in the last quarter. Independent Wealth Network Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock valued at $368,000 after purchasing an additional 100 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.5% in the second quarter. Pathway Financial Advisers LLC now owns 1,028 shares of the company’s stock valued at $176,000 after purchasing an additional 106 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $190.45 on Friday. The stock has a 50-day simple moving average of $187.21 and a 200 day simple moving average of $177.35. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06. The company has a market cap of $11.87 billion, a PE ratio of 37.14 and a beta of 1.41.

About Fidelity MSCI Information Technology Index ETF

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.