EverSource Wealth Advisors LLC Makes New $167,000 Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

EverSource Wealth Advisors LLC purchased a new stake in shares of 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 institutional investor purchased 905 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aptus Capital Advisors LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. Truist Financial Corp boosted its holdings in Fidelity MSCI Information Technology Index ETF by 0.8% in the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after acquiring an additional 68 shares during the last quarter. Accelerate Investment Advisors LLC increased its position in Fidelity MSCI Information Technology Index ETF by 7.6% in the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock worth $247,000 after purchasing an additional 94 shares during the period. Valley Brook Capital Group Inc. raised its holdings in Fidelity MSCI Information Technology Index ETF by 4.6% during the 4th quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock worth $402,000 after purchasing an additional 95 shares during the last quarter. Finally, Financial Perspectives Inc lifted its position in Fidelity MSCI Information Technology Index ETF by 0.4% during the 4th quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock valued at $5,130,000 after purchasing an additional 97 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $168.57 on Tuesday. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. The company has a 50 day moving average of $181.73 and a 200-day moving average of $180.36. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06.

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.