BCS Wealth Management Purchases Shares of 2,724 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

BCS Wealth Management acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,724 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd 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 purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth $32,000. Voisard Asset Management Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $89,000. FSA Wealth Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $90,000. Finally, Assetmark Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 158.6% in the 3rd quarter. Assetmark Inc. now owns 613 shares of the company’s stock valued at $107,000 after acquiring an additional 376 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.3 %

Shares of FTEC stock opened at $181.43 on Wednesday. The company’s fifty day simple moving average is $186.54 and its two-hundred day simple moving average is $176.68. Fidelity MSCI Information Technology Index ETF has a 52 week low of $140.72 and a 52 week high of $192.96. The stock has a market cap of $11.30 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.