Capital Planning LLC Increases Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Capital Planning LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 27,650 shares of the company’s stock after acquiring an additional 3,998 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for approximately 1.9% of Capital Planning LLC’s investment portfolio, making the stock its 17th biggest position. Capital Planning LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,753,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FTEC. Financial Life Planners bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $30,000. Strategic Advocates LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $37,000. Finally, SouthState Bank Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $50,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.3%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $275.81 on Thursday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. The company’s 50 day moving average is $275.52 and its 200 day moving average is $241.20. Fidelity MSCI Information Technology Index ETF has a twelve month low of $197.63 and a twelve month high of $300.79.

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.