Sequoia Financial Advisors LLC Boosts Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sequoia Financial Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 56.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,355 shares of the company’s stock after acquiring an additional 1,207 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $482,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FTEC. Dynamic Advisor Solutions LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,574 shares of the company’s stock worth $765,000 after purchasing an additional 84 shares during the last quarter. Belpointe Asset Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.5% in the 1st quarter. Belpointe Asset Management LLC now owns 6,600 shares of the company’s stock worth $752,000 after buying an additional 97 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Fidelity MSCI Information Technology Index ETF by 1.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,606 shares of the company’s stock worth $935,000 after buying an additional 98 shares in the last quarter. HB Wealth Management LLC grew its position in Fidelity MSCI Information Technology Index ETF by 4.7% during the fourth quarter. HB Wealth Management LLC now owns 2,238 shares of the company’s stock valued at $322,000 after acquiring an additional 101 shares during the last quarter. Finally, Atlas Brown Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.0% during the third quarter. Atlas Brown Inc. now owns 10,195 shares of the company’s stock worth $1,253,000 after acquiring an additional 103 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $147.78 on Thursday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $108.86 and a 52-week high of $159.43. The company has a fifty day moving average of $153.93 and a 200-day moving average of $142.57. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36.

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.