Fischer Financial Services Inc. Has $19.09 Million Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Fischer Financial Services Inc. reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,937 shares of the company’s stock after selling 9,404 shares during the period. Fidelity MSCI Information Technology Index ETF comprises about 5.1% of Fischer Financial Services Inc.’s investment portfolio, making the stock its 6th largest holding. Fischer Financial Services Inc. owned 0.12% of Fidelity MSCI Information Technology Index ETF worth $19,093,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $26,000. Heartwood Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $32,000. Howe & Rusling Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $47,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $49,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 20.8% during the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock worth $63,000 after acquiring an additional 55 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $224.67 on Friday. The company has a 50-day simple moving average of $226.97 and a 200 day simple moving average of $215.22. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25.

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.