Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Increased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lifted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,022 shares of the company’s stock after acquiring an additional 1,592 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for about 3.5% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 5th largest holding. Kraft Davis & Associates LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $11,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,574 shares of the company’s stock valued at $765,000 after acquiring an additional 84 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the first quarter. Belpointe Asset Management LLC now owns 6,600 shares of the company’s stock worth $752,000 after buying an additional 97 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,606 shares of the company’s stock worth $935,000 after buying an additional 98 shares during the last quarter. HB Wealth Management LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 4.7% during the fourth quarter. HB Wealth Management LLC now owns 2,238 shares of the company’s stock valued at $322,000 after buying an additional 101 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 13.3% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 861 shares of the company’s stock valued at $124,000 after buying an additional 101 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.7 %

Fidelity MSCI Information Technology Index ETF stock traded down $3.96 during trading on Friday, reaching $142.51. The company had a trading volume of 359,896 shares, compared to its average volume of 261,653. The firm’s 50-day simple moving average is $153.48 and its 200 day simple moving average is $142.76. Fidelity MSCI Information Technology Index ETF has a 52 week low of $108.86 and a 52 week high of $159.43. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36.

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.