Advisors Preferred LLC Takes Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Advisors Preferred LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the first quarter, according to its most recent filing with the SEC. The firm purchased 401 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTEC. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $196,694,000. Commonwealth Equity Services LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 1.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 823,425 shares of the company’s stock worth $128,323,000 after purchasing an additional 14,716 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 16.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after purchasing an additional 59,879 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $33,181,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Fidelity MSCI Information Technology Index ETF by 18.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 196,291 shares of the company’s stock valued at $28,195,000 after acquiring an additional 30,245 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC traded down $6.48 during trading on Wednesday, hitting $173.27. The company’s stock had a trading volume of 412,304 shares, compared to its average volume of 241,507. The firm’s 50 day moving average price is $167.28 and its 200-day moving average price is $156.38. The stock has a market cap of $10.79 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a twelve month low of $118.39 and a twelve month high of $181.11.

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.