Brookstone Capital Management Increases Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Brookstone Capital Management increased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,346 shares of the company’s stock after acquiring an additional 851 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,295,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of New Hampshire purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $32,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $34,000. Lynx Investment Advisory bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $37,000. Finally, Strategic Financial Concepts LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $43,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $178.09 on Friday. The stock has a 50 day moving average price of $168.05 and a 200 day moving average price of $164.10. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52-week low of $118.39 and a 52-week high of $181.11.

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.