Smithfield Trust Co Buys 310 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Smithfield Trust Co grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 23.8% during the third quarter, HoldingsChannel reports. The firm owned 1,610 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Smithfield Trust Co’s holdings in Fidelity MSCI Information Technology Index ETF were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FTEC. Aptus Capital Advisors LLC raised 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 in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $32,000. Lynx Investment Advisory purchased a new position in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $37,000. Strategic Financial Concepts LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $43,000. Finally, McClarren Financial Advisors Inc. grew its holdings 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 during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $184.25 on Friday. The company has a 50 day simple moving average of $176.82 and a two-hundred day simple moving average of $170.07. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $135.17 and a fifty-two week high of $186.33. The company has a market capitalization of $11.48 billion, a price-to-earnings 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.