Ascent Advisors LLC Invests $1.13 Million in Fidelity MSCI Information Technology Index ETF $FTEC

Ascent Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,447 shares of the company’s stock, valued at approximately $1,133,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.8% of Ascent Advisors LLC’s portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $25,000. Wealth Watch Advisors INC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $30,000. Strategic Advocates LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $31,000. Elyxium Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $37,000. Finally, SouthState Bank Corp acquired a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $50,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.3%

Shares of NYSEARCA:FTEC opened at $275.81 on Thursday. The firm has a market cap of $20.24 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $197.63 and a 12 month high of $300.79. The company’s 50-day moving average price is $275.52 and its two-hundred day moving average price is $241.20.

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.