Patriot Financial Group Insurance Agency LLC Increases Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Patriot Financial Group Insurance Agency LLC grew its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,385 shares of the company’s stock after acquiring an additional 360 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises 0.8% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 21st largest holding. Patriot Financial Group Insurance Agency LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FTEC. Marshall Wace LLP purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $456,000. Copperwynd Financial LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $230,000. Creative Planning increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 43.6% during the second quarter. Creative Planning now owns 27,849 shares of the company’s stock worth $4,777,000 after acquiring an additional 8,450 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 7.4% during the second quarter. Sunbelt Securities Inc. now owns 14,541 shares of the company’s stock worth $2,494,000 after acquiring an additional 1,005 shares during the period. Finally, Regal Investment Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $219,000.

Fidelity MSCI Information Technology Index ETF Stock Up 0.4 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $181.33 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06. The company’s 50-day simple moving average is $187.21 and its 200-day simple moving average is $177.32. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.