Purkiss Capital Advisors LLC Acquires Shares of 8,754 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Purkiss Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,754 shares of the company’s stock, valued at approximately $1,618,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.4% of Purkiss Capital Advisors LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aptus Capital Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $37,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $48,000. Sound Income Strategies LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 146.7% during the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after buying an additional 157 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $69,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.6 %

Shares of FTEC stock opened at $177.93 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06. The stock’s 50-day moving average price is $186.24 and its 200 day moving average price is $180.37. The stock has a market capitalization of $12.95 billion, a PE ratio of 36.37 and a beta of 1.15.

Fidelity MSCI Information Technology Index ETF 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.