Verdence Capital Advisors LLC Invests $201,000 in Fidelity MSCI Information Technology Index ETF $FTEC

Verdence Capital Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,020 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 20.8% during the second quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after purchasing an additional 55 shares during the last quarter. OMNI 360 Wealth Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.6% during the second quarter. OMNI 360 Wealth Inc. now owns 1,899 shares of the company’s stock valued at $374,000 after acquiring an additional 66 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.4% during the first quarter. Chicago Partners Investment Group LLC now owns 19,433 shares of the company’s stock valued at $3,264,000 after acquiring an additional 74 shares during the period. Valley Brook Capital Group Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.5% during the first quarter. Valley Brook Capital Group Inc. now owns 2,248 shares of the company’s stock valued at $363,000 after acquiring an additional 75 shares during the period. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.7% during the first quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock valued at $789,000 after acquiring an additional 80 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $223.73 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $229.78. The company’s 50 day simple moving average is $214.90 and its 200-day simple moving average is $192.79. The firm has a market capitalization of $16.31 billion, a P/E ratio of 35.45 and a beta of 1.16.

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.