MCF Advisors LLC Buys 1,187 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

MCF Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 981.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,308 shares of the company’s stock after purchasing an additional 1,187 shares during the period. MCF Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FTEC. Sugar Maple Asset Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $180,000. Harbor Investment Advisory LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $69,000. Financial Freedom LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 4.7% during the fourth quarter. Financial Freedom LLC now owns 4,562 shares of the company’s stock valued at $844,000 after buying an additional 204 shares during the last quarter. Client 1ST Advisory Group LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $1,514,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 14.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 18,416 shares of the company’s stock valued at $3,405,000 after purchasing an additional 2,278 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $188.17 on Wednesday. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $192.96. The stock’s 50-day simple moving average is $186.61 and its 200-day simple moving average is $176.98.

Fidelity MSCI Information Technology Index ETF 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.