Farther Finance Advisors LLC Purchases 529 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Farther Finance Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,683 shares of the company’s stock after buying an additional 529 shares during the period. Farther Finance Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $294,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FTEC. EverSource Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at about $32,000. Lynx Investment Advisory purchased a new position in Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $37,000. Strategic Financial Concepts LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $43,000. Advisors Preferred LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $63,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 851.9% during the second quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock valued at $88,000 after purchasing an additional 460 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $185.81 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $129.12 and a 1 year high of $186.33. The company’s fifty day simple moving average is $173.72 and its two-hundred day simple moving average is $167.99. The stock has a market capitalization of $11.58 billion, a price-to-earnings 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.