Maxele Advisors LLC Invests $4.27 Million in Fidelity MSCI Information Technology Index ETF $FTEC

Maxele Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,230 shares of the company’s stock, valued at approximately $4,272,000. Fidelity MSCI Information Technology Index ETF makes up approximately 3.7% of Maxele Advisors LLC’s portfolio, making the stock its 5th largest position.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust increased its position in shares of Fidelity MSCI Information Technology Index ETF by 180.9% during the 3rd quarter. American National Bank & Trust now owns 8,685 shares of the company’s stock valued at $1,930,000 after purchasing an additional 5,593 shares during the last quarter. Armor Investment Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.0% during the 2nd quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock worth $16,284,000 after purchasing an additional 845 shares during the period. Archer Investment Corp boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 510.2% in the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after buying an additional 1,959 shares during the last quarter. PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $22,364,000. Finally, JBR Co Financial Management Inc grew its position in Fidelity MSCI Information Technology Index ETF by 28.9% during the second quarter. JBR Co Financial Management Inc now owns 13,825 shares of the company’s stock valued at $2,727,000 after buying an additional 3,102 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $216.12 on Tuesday. The company has a market capitalization of $15.78 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $240.25. The company has a 50-day simple moving average of $221.57 and a 200 day simple moving average of $222.82.

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.