Mainstream Capital Management LLC Invests $44,000 in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mainstream Capital Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 239 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC raised its holdings in 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 worth $29,000 after purchasing an additional 68 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.8% in the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after buying an additional 68 shares during the period. Accelerate Investment Advisors LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 7.6% in the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after buying an additional 94 shares during the period. Valley Brook Capital Group Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 4.6% in the fourth quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock valued at $402,000 after buying an additional 95 shares during the period. Finally, Financial Perspectives Inc boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.4% in the fourth quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock valued at $5,130,000 after buying an additional 97 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 3.2 %

Shares of FTEC stock opened at $172.23 on Tuesday. The company’s fifty day simple moving average is $185.89 and its 200-day simple moving average is $180.60. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The firm has a market cap of $12.54 billion, a PE ratio of 36.37 and a beta of 1.15.

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.