Purkiss Capital Advisors LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Purkiss Capital Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,754 shares of the company’s stock, valued at approximately $1,618,000. Fidelity MSCI Information Technology Index ETF makes up about 1.4% of Purkiss Capital Advisors LLC’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $37,000. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $48,000. Sound Income Strategies LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after purchasing an additional 157 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $69,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $177.93 on Friday. The business has a 50-day moving average of $186.24 and a two-hundred day moving average of $180.37. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $193.06.

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.