Buttonwood Financial Group LLC Takes Position in Fidelity MSCI Information Technology Index ETF $FTEC

Buttonwood Financial Group LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,924 shares of the company’s stock, valued at approximately $2,482,000. Fidelity MSCI Information Technology Index ETF makes up approximately 1.3% of Buttonwood Financial Group LLC’s holdings, making the stock its 16th biggest position.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% during the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth about $2,532,000. Jane Street Group LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth about $3,833,000. JPMorgan Chase & Co. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 135,518 shares of the company’s stock worth $26,727,000 after purchasing an additional 13,927 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $26,000.

Fidelity MSCI Information Technology Index ETF Trading Down 2.9%

NYSEARCA FTEC opened at $207.53 on Friday. The stock’s 50 day moving average is $219.30 and its 200 day moving average is $222.93. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25. The stock has a market cap of $15.15 billion, a PE ratio of 35.45 and a beta of 1.24.

Fidelity MSCI Information Technology Index ETF Company 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.