Wealthstar Advisors LLC Makes New $2.69 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Wealthstar Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,522 shares of the company’s stock, valued at approximately $2,685,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.2% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently modified their holdings of FTEC. Sanctuary Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $878,000. Alpha Financial Partners LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $1,129,000. CWM LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 165.8% in the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after acquiring an additional 1,421 shares during the last quarter. Montis Financial LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $206,000. Finally, JBR Co Financial Management Inc grew its position in Fidelity MSCI Information Technology Index ETF by 6.9% during the 3rd quarter. JBR Co Financial Management Inc now owns 5,155 shares of the company’s stock worth $900,000 after acquiring an additional 332 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.9 %

Shares of FTEC opened at $184.75 on Monday. The business has a 50-day simple moving average of $187.29 and a two-hundred day simple moving average of $177.92. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06. The stock has a market cap of $11.51 billion, a PE ratio of 37.14 and a beta of 1.41.

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.