Wealthfront Advisers LLC Acquires Shares of 2,812 Fidelity MSCI Information Technology Index ETF $FTEC

Wealthfront Advisers LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,812 shares of the company’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American National Bank & Trust lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 180.9% during the third quarter. American National Bank & Trust now owns 8,685 shares of the company’s stock valued at $1,930,000 after buying an additional 5,593 shares during the last quarter. CWM LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 36.8% during the second quarter. CWM LLC now owns 6,392 shares of the company’s stock valued at $1,261,000 after acquiring an additional 1,719 shares during the last quarter. Armor Investment Advisors LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 1.0% in the second quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock valued at $16,284,000 after acquiring an additional 845 shares in the last quarter. Allworth Financial LP boosted its stake in Fidelity MSCI Information Technology Index ETF by 11.0% in the second quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock valued at $3,745,000 after acquiring an additional 1,883 shares in the last quarter. Finally, Archer Investment Corp boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 510.2% in the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after purchasing an additional 1,959 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $217.95 on Monday. The stock’s fifty day moving average price is $225.10 and its 200 day moving average price is $221.12. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25. The company has a market cap of $15.91 billion, a price-to-earnings 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.