Arax Advisory Partners Acquires Shares of 15,728 Fidelity MSCI Information Technology Index ETF $FTEC

Arax Advisory Partners acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,728 shares of the company’s stock, valued at approximately $3,534,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC raised its position in Fidelity MSCI Information Technology Index ETF by 2.0% in the fourth quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock valued at $559,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co raised its position in Fidelity MSCI Information Technology Index ETF by 2.1% in the fourth quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after purchasing an additional 50 shares during the period. Florida Financial Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 0.9% in the fourth quarter. Florida Financial Advisors LLC now owns 6,303 shares of the company’s stock valued at $1,417,000 after purchasing an additional 56 shares during the period. Wealthfront Advisers LLC raised its position in Fidelity MSCI Information Technology Index ETF by 2.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,874 shares of the company’s stock valued at $646,000 after purchasing an additional 62 shares during the period. Finally, Captrust Financial Advisors raised its position in Fidelity MSCI Information Technology Index ETF by 0.8% in the second quarter. Captrust Financial Advisors now owns 7,813 shares of the company’s stock valued at $1,541,000 after purchasing an additional 63 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $278.92 on Monday. The business’s 50-day moving average is $257.95 and its two-hundred day moving average is $234.38. Fidelity MSCI Information Technology Index ETF has a 12 month low of $184.88 and a 12 month high of $300.79. The firm has a market capitalization of $20.28 billion, a PE ratio of 35.45 and a beta of 1.34.

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.