Ascent Advisors LLC Invests $1.13 Million in Fidelity MSCI Information Technology Index ETF $FTEC

Ascent Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the first quarter, HoldingsChannel.com reports. The fund purchased 5,447 shares of the company’s stock, valued at approximately $1,133,000. Fidelity MSCI Information Technology Index ETF makes up about 1.8% of Ascent Advisors LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 8.8% during the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter worth $2,532,000. Jane Street Group LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth $3,833,000. Marshall Wace LLP acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $5,649,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $242,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.3%

NYSEARCA FTEC opened at $275.81 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $197.63 and a 12 month high of $300.79. The stock has a 50-day simple moving average of $275.52 and a 200 day simple moving average of $241.20. The company has a market capitalization of $20.24 billion, a PE ratio of 35.45 and a beta of 1.34.

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.