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

Everpar Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 37.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,831 shares of the company’s stock after buying an additional 4,020 shares during the period. Fidelity MSCI Information Technology Index ETF comprises approximately 1.2% of Everpar Advisors LLC’s holdings, making the stock its 16th largest position. Everpar Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $30,000. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $37,000. SouthState Bank Corp purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $50,000. Strategic Advocates LLC increased its position in Fidelity MSCI Information Technology Index ETF by 76.4% during the fourth quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after acquiring an additional 107 shares during the last quarter. Finally, MidFirst Bank bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $73,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $289.84 on Friday. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. The business’s 50-day moving average is $278.63 and its two-hundred day moving average is $248.59. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79.

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.