Fidelity MSCI Information Technology Index ETF $FTEC Stock Holdings Increased by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1,584.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,274 shares of the company’s stock after buying an additional 63,280 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $20,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTEC. Asset One Wealth Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 4.2% in the third quarter. Asset One Wealth Management LLC now owns 2,268 shares of the company’s stock valued at $681,000 after acquiring an additional 91 shares during the period. Heritage Family Offices LLP acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $70,000. Calamos Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $727,000. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $960,000. Finally, Monte Financial Group LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.9% during the 3rd quarter. Monte Financial Group LLC now owns 1,798 shares of the company’s stock valued at $540,000 after purchasing an additional 51 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 1.4%

Shares of NYSEARCA:FTEC traded up $3.51 during trading on Friday, hitting $258.66. 696,524 shares of the company’s stock traded hands, compared to its average volume of 371,014. The company has a 50-day moving average price of $290.76 and a 200-day moving average price of $261.90. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $311.83. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 35.45 and a beta of 1.36.

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.