Brighton Jones LLC Purchases New Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Brighton Jones LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 26,355 shares of the company’s stock, valued at approximately $7,908,000.

A number of other hedge funds have also recently bought and sold shares of FTEC. Uhlmann Price Securities LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $1,390,000. StoneX Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $711,000. Investment Management Corp VA ADV bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $4,772,000. Parallel Advisors LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1,584.4% in the 3rd quarter. Parallel Advisors LLC now owns 67,274 shares of the company’s stock valued at $20,186,000 after buying an additional 63,280 shares during the last quarter. Finally, Asset One Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 4.2% in the 3rd quarter. Asset One Wealth Management LLC now owns 2,268 shares of the company’s stock valued at $681,000 after buying an additional 91 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 1.4%

NYSEARCA FTEC opened at $258.66 on Friday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The stock has a 50 day moving average of $290.76 and a 200-day moving average of $261.90. The company has a market cap of $19.30 billion, a PE ratio of 35.45 and a beta of 1.36.

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.