Fidelity MSCI Information Technology Index ETF $FTEC is Kraft Davis & Associates LLC’s 4th Largest Position

Kraft Davis & Associates LLC grew its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 35.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,384 shares of the company’s stock after buying an additional 21,099 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for about 4.2% of Kraft Davis & Associates LLC’s holdings, making the stock its 4th biggest holding. Kraft Davis & Associates LLC owned 0.11% of Fidelity MSCI Information Technology Index ETF worth $18,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $25,000. Bessemer Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $26,000. Wealth Watch Advisors INC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $30,000. Strategic Advocates LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $31,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $32,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $203.09 on Monday. The stock’s fifty day moving average is $218.84 and its two-hundred day moving average is $223.05. The firm has a market capitalization of $14.83 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25.

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.