BCS Wealth Management Has $585,000 Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

BCS Wealth Management cut its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 50.0% during the first quarter, Holdings Channel.com reports. The firm owned 2,811 shares of the company’s stock after selling 2,811 shares during the quarter. BCS Wealth Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its holdings in Fidelity MSCI Information Technology Index ETF by 6,087.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock worth $106,504,000 after purchasing an additional 471,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Information Technology Index ETF by 129.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after buying an additional 394,739 shares during the last quarter. Vicus Capital lifted its position in Fidelity MSCI Information Technology Index ETF by 2,666.4% during the 4th quarter. Vicus Capital now owns 112,649 shares of the company’s stock worth $25,309,000 after buying an additional 108,577 shares in the last quarter. SteelPeak Wealth LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 3,622.3% during the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock worth $24,202,000 after buying an additional 104,830 shares in the last quarter. Finally, PFG Advisors acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $22,364,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Fidelity MSCI Information Technology Index ETF stock opened at $275.02 on Thursday. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. The firm has a 50-day moving average of $268.35 and a 200-day moving average of $237.66. Fidelity MSCI Information Technology Index ETF has a one year low of $192.96 and a one year high of $300.79.

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.