PUREfi Wealth LLC Invests $835,000 in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

PUREfi Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,515 shares of the company’s stock, valued at approximately $835,000. Fidelity MSCI Information Technology Index ETF accounts for about 0.8% of PUREfi Wealth LLC’s portfolio, making the stock its 23rd biggest holding.

Several other hedge funds also recently made changes to their positions in the business. Aptus Capital Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Capital Advisors Inc. OK grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 4.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,933 shares of the company’s stock worth $337,000 after purchasing an additional 74 shares during the last quarter. Accelerate Investment Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 7.6% in the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock worth $247,000 after purchasing an additional 94 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 4.6% in the 4th quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock worth $402,000 after purchasing an additional 95 shares during the last quarter. Finally, Independent Wealth Network Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock worth $368,000 after purchasing an additional 100 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $190.25 on Friday. The firm’s 50 day moving average is $187.14 and its 200-day moving average is $178.43. The stock has a market capitalization of $11.85 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06.

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.