Newbridge Financial Services Group Inc. Takes Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 261 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $37,000. Sound Income Strategies LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 146.7% during the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after purchasing an additional 157 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $69,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $89,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2 %

NYSEARCA:FTEC opened at $186.85 on Wednesday. The stock has a market cap of $11.64 billion, a P/E ratio of 37.14 and a beta of 1.41. The stock has a 50 day simple moving average of $187.29 and a 200 day simple moving average of $178.15. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06.

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.