JBR Co Financial Management Inc Raises Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

JBR Co Financial Management Inc grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,723 shares of the company’s stock after acquiring an additional 1,725 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 1.0% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 27th largest holding. JBR Co Financial Management Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EP Wealth Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.2% in the fourth quarter. EP Wealth Advisors LLC now owns 4,773 shares of the company’s stock valued at $882,000 after purchasing an additional 57 shares during the period. Truist Financial Corp boosted its position in Fidelity MSCI Information Technology Index ETF by 0.8% in the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after buying an additional 68 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 3.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,895 shares of the company’s stock worth $350,000 after buying an additional 71 shares during the period. Accelerate Investment Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 5.4% during the 1st quarter. Accelerate Investment Advisors LLC now owns 1,405 shares of the company’s stock worth $227,000 after buying an additional 72 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its position in Fidelity MSCI Information Technology Index ETF by 1.7% during the 1st quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock worth $789,000 after buying an additional 80 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.8%

Shares of NYSEARCA FTEC opened at $187.20 on Wednesday. The company has a 50 day simple moving average of $172.27 and a two-hundred day simple moving average of $176.99. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 33.64 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month 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.