Avior Wealth Management LLC Has $1.72 Million Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Avior Wealth Management LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,292 shares of the company’s stock after buying an additional 113 shares during the quarter. Avior Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $32,000. Marshall Wace LLP acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $456,000. Sfmg LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $266,000. Copperwynd Financial LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $230,000. Finally, Creative Planning lifted its stake in Fidelity MSCI Information Technology Index ETF by 43.6% during the second quarter. Creative Planning now owns 27,849 shares of the company’s stock worth $4,777,000 after purchasing an additional 8,450 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $192.30 on Friday. 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 fifty day moving average price is $186.82 and its two-hundred day moving average price is $177.16. The company has a market cap of $11.98 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.