Fortress Financial Solutions LLC Buys Shares of 1,312 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Fortress Financial Solutions LLC purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,312 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 165.8% in the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after buying an additional 1,421 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after acquiring an additional 6,629 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after acquiring an additional 216 shares during the period. FMR LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the third quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 10.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after purchasing an additional 153 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2 %

Shares of FTEC stock opened at $186.85 on Wednesday. The stock has a market capitalization of $11.64 billion, a P/E ratio of 37.14 and a beta of 1.41. The firm’s 50 day moving average is $187.29 and its 200 day moving average is $178.15. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06.

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.