Mainstream Capital Management LLC Invests $44,000 in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mainstream Capital Management LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 239 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 670.2% in the third quarter. US Bancorp DE now owns 1,317 shares of the company’s stock valued at $230,000 after purchasing an additional 1,146 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 1,683 shares of the company’s stock worth $294,000 after acquiring an additional 529 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 37.4% in the third quarter. Janney Montgomery Scott LLC now owns 19,569 shares of the company’s stock worth $3,415,000 after acquiring an additional 5,322 shares in the last quarter. Cary Street Partners Asset Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $923,000. Finally, ASB Consultores LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $956,000.

Fidelity MSCI Information Technology Index ETF Trading Down 3.2 %

FTEC opened at $172.23 on Tuesday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15. The company has a fifty day simple moving average of $185.89 and a 200 day simple moving average of $180.60.

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.