Investment Advisory Services Group LLC Makes New $4.67 Million Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Investment Advisory Services Group LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, Holdings Channel reports. The firm acquired 20,789 shares of the company’s stock, valued at approximately $4,671,000. Fidelity MSCI Information Technology Index ETF accounts for 4.1% of Investment Advisory Services Group LLC’s holdings, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its stake in shares of 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 buying an additional 471,653 shares during the period. Vicus Capital raised its stake in Fidelity MSCI Information Technology Index ETF by 2,666.4% during the 4th quarter. Vicus Capital now owns 112,649 shares of the company’s stock worth $25,309,000 after buying an additional 108,577 shares during the period. SteelPeak Wealth LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 3,622.3% in the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock worth $24,202,000 after acquiring an additional 104,830 shares in the last quarter. PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $22,364,000. Finally, Orion Porfolio Solutions LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 406.9% in the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after acquiring an additional 86,780 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 1.2%

NYSEARCA FTEC opened at $271.46 on Tuesday. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 52 week low of $175.39 and a 52 week high of $272.11. The business has a 50 day moving average price of $226.64 and a 200-day moving average price of $225.77.

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.