Mcrae Capital Management Inc. Purchases New Position in Fidelity MSCI Information Technology Index ETF $FTEC

Mcrae Capital Management Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to its most recent filing with the SEC. The fund acquired 4,484 shares of the company’s stock, valued at approximately $884,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTEC. Brighton Jones LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock worth $3,349,000 after acquiring an additional 1,458 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth about $237,000. Bank of New York Mellon Corp lifted its holdings in Fidelity MSCI Information Technology Index ETF by 13.5% during the 1st quarter. Bank of New York Mellon Corp now owns 23,047 shares of the company’s stock worth $3,717,000 after purchasing an additional 2,739 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $374,000. Finally, Stratos Wealth Partners LTD. grew its holdings in Fidelity MSCI Information Technology Index ETF by 11.9% during the 1st quarter. Stratos Wealth Partners LTD. now owns 14,612 shares of the company’s stock valued at $2,357,000 after buying an additional 1,556 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.9%

Shares of FTEC opened at $227.34 on Friday. The business’s 50-day moving average price is $222.05 and its 200-day moving average price is $201.34. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $240.25. The stock has a market cap of $16.71 billion, a PE ratio of 35.45 and a beta of 1.24.

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.