Lincoln National Corp Raises Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Lincoln National Corp raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 46.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,324 shares of the company’s stock after acquiring an additional 5,490 shares during the period. Lincoln National Corp’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,488,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FTEC. Wealthcare Advisory Partners LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $388,000. Valley Brook Capital Group Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $261,000. Avidian Wealth Solutions LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 21.7% in the 4th quarter. Avidian Wealth Solutions LLC now owns 4,116 shares of the company’s stock valued at $591,000 after purchasing an additional 735 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Fidelity MSCI Information Technology Index ETF by 13.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,333 shares of the company’s stock valued at $335,000 after purchasing an additional 277 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Fidelity MSCI Information Technology Index ETF by 2.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,726 shares of the company’s stock worth $1,541,000 after purchasing an additional 304 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC traded down $0.85 during trading on Tuesday, reaching $152.98. The stock had a trading volume of 118,089 shares, compared to its average volume of 262,257. The company has a market cap of $9.53 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $113.12 and a fifty-two week high of $159.43. The business’s 50-day moving average price is $152.73 and its 200-day moving average price is $144.78.

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.