Golden State Wealth Management LLC Has $2.20 Million Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Golden State Wealth Management LLC boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 981.0% in the third quarter, HoldingsChannel.com reports. The firm owned 9,891 shares of the company’s stock after buying an additional 8,976 shares during the period. Golden State Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTEC. AlphaCore Capital LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $26,000. Heartwood Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $32,000. First Horizon Corp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $34,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $41,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $47,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $231.23 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The business’s 50-day moving average is $225.59 and its 200-day moving average is $219.58. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.