Buttonwood Financial Group LLC Makes New $2.48 Million Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Buttonwood Financial Group LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,924 shares of the company’s stock, valued at approximately $2,482,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.3% of Buttonwood Financial Group LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Lido Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 3.2% in the 2nd quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock worth $412,687,000 after purchasing an additional 64,807 shares during the period. Commonwealth Equity Services LLC increased its position in Fidelity MSCI Information Technology Index ETF by 8.8% in the third quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock worth $159,661,000 after buying an additional 58,076 shares in the last quarter. AGF Management Ltd. increased its position in Fidelity MSCI Information Technology Index ETF by 11.8% in the third quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock worth $153,280,000 after buying an additional 72,848 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 678,339 shares of the company’s stock worth $150,707,000 after buying an additional 18,799 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock worth $106,504,000 after buying an additional 471,653 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 2.9%

FTEC stock opened at $207.53 on Friday. The business’s 50-day moving average price is $219.30 and its 200-day moving average price is $222.93. The stock has a market cap of $15.15 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month 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.