Pinnacle Wealth Planning Services Inc. Buys New Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,683 shares of the company’s stock, valued at approximately $1,105,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lido Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after purchasing an additional 75,631 shares in the last quarter. Independence Financial Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.6% during the third quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after purchasing an additional 9,259 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.1% during the first quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock valued at $38,168,000 after purchasing an additional 10,516 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,389.5% during the third quarter. SteelPeak Wealth LLC now owns 85,540 shares of the company’s stock valued at $25,667,000 after purchasing an additional 82,104 shares in the last quarter. Finally, Morningstar Investment Management LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 24.0% during the first quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock valued at $24,540,000 after purchasing an additional 22,808 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.6%

FTEC stock opened at $294.82 on Thursday. The company has a market capitalization of $21.91 billion, a P/E ratio of 35.45 and a beta of 1.34. The company has a 50-day simple moving average of $292.21 and a 200 day simple moving average of $260.27. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $311.83.

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.