Nations Financial Group Inc. IA ADV Buys New Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Nations Financial Group Inc. IA ADV bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,285 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 843,576 shares of the company’s stock valued at $144,690,000 after acquiring an additional 20,151 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% during the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after acquiring an additional 809,315 shares during the last quarter. LPL Financial LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock valued at $47,800,000 after acquiring an additional 4,017 shares during the last quarter. AGF Management Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock valued at $45,207,000 after acquiring an additional 40,910 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $23,275,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.4 %

Shares of FTEC opened at $183.77 on Friday. The stock has a 50 day moving average of $174.89 and a 200 day moving average of $168.91. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.55 and a 12 month high of $186.33. The company has a market capitalization of $11.45 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.