Jones Financial Companies Lllp Acquires 5,472 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Jones Financial Companies Lllp boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 40.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,978 shares of the company’s stock after acquiring an additional 5,472 shares during the period. Jones Financial Companies Lllp’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FTEC. AlphaCore Capital LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $26,000. Heartwood Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $32,000. First Horizon Corp purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $34,000. Steigerwald Gordon & Koch Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $41,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $47,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $220.65 on Friday. The firm has a market capitalization of $16.11 billion, a P/E ratio of 35.45 and a beta of 1.24. The stock has a 50 day moving average price of $225.67 and a 200-day moving average price of $220.33. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $240.25.

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.