HB Wealth Management LLC Has $454,000 Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

HB Wealth Management LLC raised its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 30.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,913 shares of the company’s stock after buying an additional 675 shares during the period. HB Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 3.8% in the 3rd quarter. FMR LLC now owns 112,403 shares of the company’s stock valued at $13,818,000 after buying an additional 4,083 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth approximately $96,000. Baker Avenue Asset Management LP increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 11.7% during the third quarter. Baker Avenue Asset Management LP now owns 9,536 shares of the company’s stock worth $1,172,000 after purchasing an additional 1,000 shares during the period. Essex Financial Services Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 9.9% during the 3rd quarter. Essex Financial Services Inc. now owns 3,552 shares of the company’s stock worth $437,000 after purchasing an additional 319 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $370,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC traded up $1.23 during mid-day trading on Friday, reaching $177.48. 135,601 shares of the company’s stock were exchanged, compared to its average volume of 238,716. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $177.68. The business’s fifty day simple moving average is $162.66 and its two-hundred day simple moving average is $154.26. The firm has a market capitalization of $11.06 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.