Sovran Advisors LLC Acquires New Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sovran Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,588 shares of the company’s stock, valued at approximately $1,014,000.

Several other large investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Capital Advisors Inc. OK raised its stake in Fidelity MSCI Information Technology Index ETF by 4.0% in the third quarter. Capital Advisors Inc. OK now owns 1,933 shares of the company’s stock valued at $337,000 after purchasing an additional 74 shares in the last quarter. Accelerate Investment Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 7.6% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after purchasing an additional 94 shares during the last quarter. Independent Wealth Network Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock worth $368,000 after buying an additional 100 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 4,149 shares of the company’s stock worth $721,000 after buying an additional 107 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $186.85 on Wednesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The firm’s fifty day moving average price is $187.29 and its 200-day moving average price is $178.15. The stock has a market cap of $11.64 billion, a P/E ratio of 37.14 and a beta of 1.41.

Fidelity MSCI Information Technology Index ETF Company 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.