Concurrent Investment Advisors LLC Purchases New Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Concurrent Investment Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,585 shares of the company’s stock, valued at approximately $1,309,000.

Other large investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at $30,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $37,000. SouthState Bank Corp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $50,000. Continuum Advisory LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $66,000. Finally, Strategic Advocates LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 76.4% in the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after purchasing an additional 107 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.1%

Shares of NYSEARCA FTEC opened at $285.48 on Friday. The stock has a market capitalization of $20.98 billion, a price-to-earnings ratio of 35.45 and a beta of 1.35. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79. The firm has a 50-day moving average price of $280.84 and a 200 day moving average price of $259.69.

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.