Fidelity MSCI Information Technology Index ETF $FTEC is Southern Capital Advisors LLC’s 7th Largest Position

Southern Capital Advisors LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,804 shares of the company’s stock after selling 161 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 4.2% of Southern Capital Advisors LLC’s portfolio, making the stock its 7th biggest position. Southern Capital Advisors LLC owned 0.06% of Fidelity MSCI Information Technology Index ETF worth $8,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. OMNI 360 Wealth Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the second quarter. OMNI 360 Wealth Inc. now owns 1,899 shares of the company’s stock worth $374,000 after buying an additional 66 shares during the period. Accelerate Investment Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in the first 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 period. Chicago Partners Investment Group LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 0.4% in the first quarter. Chicago Partners Investment Group LLC now owns 19,433 shares of the company’s stock worth $3,264,000 after buying an additional 74 shares during the period. Valley Brook Capital Group Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.5% in the first quarter. Valley Brook Capital Group Inc. now owns 2,248 shares of the company’s stock worth $363,000 after buying an additional 75 shares during the period. Finally, Daymark Wealth Partners LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% in the first quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock valued at $789,000 after purchasing an additional 80 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $219.31 on Friday. The company has a market capitalization of $15.72 billion, a P/E ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $223.99. The stock has a 50-day moving average price of $209.06 and a 200 day moving average price of $186.82.

About Fidelity MSCI Information Technology Index ETF

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.