Maxele Advisors LLC Acquires New Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Maxele Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,230 shares of the company’s stock, valued at approximately $4,272,000. Fidelity MSCI Information Technology Index ETF comprises 3.7% of Maxele Advisors LLC’s holdings, making the stock its 5th biggest position.

Several other hedge funds have also recently made changes to their positions in FTEC. Financial Life Planners purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $25,000. Bessemer Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $26,000. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $26,000. Wealth Watch Advisors INC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $30,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $32,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.5%

NYSEARCA FTEC opened at $216.12 on Tuesday. The company has a market cap of $15.78 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25. The firm’s 50-day simple moving average is $221.57 and its two-hundred day simple moving average is $222.82.

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.