SeaCrest Wealth Management LLC Boosts Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

SeaCrest Wealth Management LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 42.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,243 shares of the company’s stock after purchasing an additional 1,261 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FTEC. Lido Advisors LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock worth $203,154,000 after acquiring an additional 141,104 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter valued at about $196,694,000. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 16.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock valued at $60,303,000 after purchasing an additional 59,879 shares during the period. International Assets Investment Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $33,181,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 18.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 196,291 shares of the company’s stock valued at $28,195,000 after purchasing an additional 30,245 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $176.25 on Thursday. The stock has a 50-day simple moving average of $162.09 and a two-hundred day simple moving average of $154.10. Fidelity MSCI Information Technology Index ETF has a 52-week low of $118.39 and a 52-week high of $176.34. The firm has a market capitalization of $10.98 billion, a PE 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.