Kraft Davis & Associates LLC Grows Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Kraft Davis & Associates LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,022 shares of the company’s stock after acquiring an additional 1,592 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for approximately 3.5% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 5th largest position. Kraft Davis & Associates LLC owned 0.14% of Fidelity MSCI Information Technology Index ETF worth $11,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,377,081 shares of the company’s stock worth $415,145,000 after purchasing an additional 28,673 shares in the last quarter. Lido Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock valued at $203,154,000 after buying an additional 141,104 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 827,618 shares of the company’s stock worth $101,739,000 after buying an additional 10,598 shares during the period. International Assets Investment Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $33,181,000. Finally, LPL Financial LLC increased its position in Fidelity MSCI Information Technology Index ETF by 3.7% in the 3rd quarter. LPL Financial LLC now owns 230,442 shares of the company’s stock valued at $28,328,000 after acquiring an additional 8,219 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 2.7 %

Shares of FTEC stock traded down $3.96 during trading hours on Friday, hitting $142.51. 359,896 shares of the company’s stock traded hands, compared to its average volume of 261,653. Fidelity MSCI Information Technology Index ETF has a 12 month low of $108.86 and a 12 month high of $159.43. The stock has a market cap of $8.84 billion, a PE ratio of 38.28 and a beta of 1.36. The stock’s 50 day simple moving average is $153.48 and its 200 day simple moving average is $142.76.

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.