Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $6.02 Million Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,502 shares of the company’s stock after acquiring an additional 2,050 shares during the period. Fidelity MSCI Information Technology Index ETF comprises 0.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 18th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned about 0.06% of Fidelity MSCI Information Technology Index ETF worth $6,021,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Smith Salley Wealth Management lifted its stake in Fidelity MSCI Information Technology Index ETF by 3.1% in the 3rd quarter. Smith Salley Wealth Management now owns 46,643 shares of the company’s stock valued at $8,139,000 after acquiring an additional 1,398 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 93.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock worth $17,096,000 after purchasing an additional 47,500 shares during the last quarter. Court Place Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 18.5% during the 3rd quarter. Court Place Advisors LLC now owns 31,174 shares of the company’s stock worth $5,440,000 after purchasing an additional 4,865 shares during the last quarter. Tandem Capital Management Corp ADV increased its position in shares of Fidelity MSCI Information Technology Index ETF by 76.7% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 5,750 shares of the company’s stock worth $1,003,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its position in shares of Fidelity MSCI Information Technology Index ETF by 2.6% during the 3rd quarter. Silver Oak Securities Incorporated now owns 4,149 shares of the company’s stock worth $721,000 after purchasing an additional 107 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.5 %

Shares of NYSEARCA:FTEC traded up $0.92 during trading on Monday, hitting $180.01. 35,260 shares of the company were exchanged, compared to its average volume of 262,476. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $119.58 and a fifty-two week high of $181.49. The firm has a fifty day moving average price of $172.08 and a two-hundred day moving average price of $166.02.

Fidelity MSCI Information Technology Index ETF 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.