Sweeney & Michel LLC Boosts Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sweeney & Michel LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.5% during the 3rd quarter, Holdings Channel reports. The firm owned 6,679 shares of the company’s stock after acquiring an additional 286 shares during the period. Sweeney & Michel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FTEC. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $32,000. Lynx Investment Advisory bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $37,000. McClarren Financial Advisors Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 488.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 312 shares of the company’s stock valued at $490,000 after purchasing an additional 259 shares during the period. Sound Income Strategies LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 263.4% during the 1st quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock valued at $53,000 after purchasing an additional 245 shares during the period. Finally, Advisors Preferred LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $63,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.2 %

Shares of NYSEARCA:FTEC traded down $0.36 during midday trading on Tuesday, reaching $180.09. 37,152 shares of the company traded hands, compared to its average volume of 263,399. Fidelity MSCI Information Technology Index ETF has a 12 month low of $118.39 and a 12 month high of $181.49. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The firm’s fifty day moving average price is $171.19 and its two-hundred day moving average price is $165.41.

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.