Piscataqua Savings Bank Takes $586,000 Position in Fidelity MSCI Information Technology Index ETF $FTEC

Piscataqua Savings Bank bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,608 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased its position in Fidelity MSCI Information Technology Index ETF by 6,087.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares during the period. PFG Advisors acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $22,364,000. Orion Porfolio Solutions LLC grew its stake in shares of 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 purchasing an additional 86,780 shares during the last quarter. AGF Management Ltd. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 11.8% in the 3rd quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock valued at $153,280,000 after purchasing an additional 72,848 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the third quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock valued at $159,661,000 after purchasing an additional 58,076 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.3%

NYSEARCA:FTEC opened at $210.71 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $134.11 and a 12-month high of $240.25. The stock’s 50 day simple moving average is $217.80 and its 200-day simple moving average is $222.82. The firm has a market cap of $15.38 billion, a P/E ratio of 35.45 and a beta of 1.24.

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.