Cetera Advisor Networks LLC Boosts Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Cetera Advisor Networks LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,657 shares of the company’s stock after purchasing an additional 334 shares during the period. Cetera Advisor Networks LLC owned 0.05% of Fidelity MSCI Information Technology Index ETF worth $3,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTEC. Dakota Wealth Management grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.4% during the second quarter. Dakota Wealth Management now owns 6,801 shares of the company’s stock worth $888,000 after acquiring an additional 97 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the first quarter. Belpointe Asset Management LLC now owns 6,600 shares of the company’s stock worth $752,000 after acquiring an additional 97 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.4% during the first quarter. J.W. Cole Advisors Inc. now owns 28,137 shares of the company’s stock worth $3,206,000 after acquiring an additional 104 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,796 shares of the company’s stock worth $221,000 after acquiring an additional 109 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.3% during the first quarter. Rehmann Capital Advisory Group now owns 42,676 shares of the company’s stock worth $4,863,000 after acquiring an additional 112 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $137.43 on Tuesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $91.74 and a fifty-two week high of $137.76. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 22.84 and a beta of 1.16. The stock’s 50-day simple moving average is $126.06 and its 200-day simple moving average is $126.48.

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.