Accelerate Investment Advisors LLC Increases Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Accelerate Investment Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,333 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $32,000. Voisard Asset Management Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $89,000. FSA Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $90,000. Finally, Assetmark Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 158.6% during the third quarter. Assetmark Inc. now owns 613 shares of the company’s stock valued at $107,000 after acquiring an additional 376 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.2 %

Shares of NYSEARCA FTEC traded down $2.27 during midday trading on Monday, reaching $180.25. The company had a trading volume of 246,615 shares, compared to its average volume of 323,422. The business’s 50-day simple moving average is $186.31 and its 200 day simple moving average is $176.54. Fidelity MSCI Information Technology Index ETF has a 1 year low of $140.72 and a 1 year high of $192.96. The stock has a market cap of $11.23 billion, a P/E ratio of 37.14 and a beta of 1.41.

About Fidelity MSCI Information Technology Index ETF

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.