Smith Shellnut Wilson LLC ADV Acquires 4,835 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Smith Shellnut Wilson LLC ADV increased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 31.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,284 shares of the company’s stock after buying an additional 4,835 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for 1.7% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 13th biggest position. Smith Shellnut Wilson LLC ADV’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,506,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 23.9% during the second quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after acquiring an additional 127,232 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 406.9% in the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after purchasing an additional 86,780 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 4,004.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 86,073 shares of the company’s stock valued at $16,975,000 after purchasing an additional 83,976 shares during the period. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $14,173,000. Finally, Lido Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 3.2% during the 2nd quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock worth $412,687,000 after purchasing an additional 64,807 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.5%

Shares of NYSEARCA FTEC opened at $228.24 on Tuesday. The company has a market cap of $16.94 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25. The business has a 50-day simple moving average of $225.73 and a two-hundred day simple moving average of $217.41.

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.