Kovack Advisors Inc. Increases Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Kovack Advisors Inc. boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,578 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTEC. Aptus Capital Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 59.7% in the 3rd quarter. Savvy Advisors Inc. now owns 7,167 shares of the company’s stock worth $1,251,000 after buying an additional 2,678 shares in the last quarter. Patron Partners LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $838,000. Nations Financial Group Inc. IA ADV purchased a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $224,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 558.6% during the third quarter. Venturi Wealth Management LLC now owns 764 shares of the company’s stock valued at $133,000 after acquiring an additional 648 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $179.39 on Friday. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a one year low of $134.55 and a one year high of $186.33. The business’s 50-day simple moving average is $175.32 and its 200 day simple moving average is $169.01.

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.