Independence Financial Advisors LLC Raises Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Independence Financial Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 31.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,035 shares of the company’s stock after purchasing an additional 18,759 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for approximately 5.3% of Independence Financial Advisors LLC’s holdings, making the stock its 6th biggest holding. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $17,337,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FTEC. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 23.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after acquiring an additional 127,232 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Fidelity MSCI Information Technology Index ETF by 406.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after acquiring an additional 86,780 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 4,004.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 86,073 shares of the company’s stock worth $16,975,000 after purchasing an additional 83,976 shares during the period. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth $14,173,000. Finally, Lido Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.2% during the second quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock worth $412,687,000 after purchasing an additional 64,807 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 1.0%

NYSEARCA FTEC opened at $227.18 on Friday. The stock has a market cap of $16.86 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25. The company’s 50-day moving average price is $225.91 and its 200-day moving average price is $217.02.

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.