Coordinated Financial Services Inc. Buys New Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Coordinated Financial Services Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,932 shares of the company’s stock, valued at approximately $542,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. United Community Bank acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $138,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Fidelity MSCI Information Technology Index ETF by 8.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,300 shares of the company’s stock valued at $6,896,000 after buying an additional 2,798 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $945,000. Raymond James Financial Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $12,377,000. Finally, Promus Capital LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $41,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.2 %

NYSEARCA:FTEC opened at $171.05 on Friday. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15. The firm’s fifty day simple moving average is $184.33 and its 200 day simple moving average is $180.54. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06.

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.