B. Riley Wealth Advisors Inc. Makes New $640,000 Investment in Fidelity MSCI Information Technology Index ETF $FTEC

B. Riley Wealth Advisors Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,134 shares of the company’s stock, valued at approximately $640,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lido Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after acquiring an additional 75,631 shares during the period. Kestra Advisory Services LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 6.1% during the 1st quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock valued at $38,168,000 after buying an additional 10,516 shares in the last quarter. Independence Financial Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.6% during the third quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after acquiring an additional 9,259 shares in the last quarter. Morningstar Investment Management LLC raised its position in Fidelity MSCI Information Technology Index ETF by 24.0% during the 1st quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock valued at $24,540,000 after purchasing an additional 22,808 shares in the last quarter. Finally, Yoder Wealth Management Inc. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 13.2% in the 1st quarter. Yoder Wealth Management Inc. now owns 98,083 shares of the company’s stock worth $20,406,000 after buying an additional 11,440 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 2.9%

Shares of FTEC stock opened at $283.46 on Friday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $311.83. The stock has a fifty day simple moving average of $292.36 and a two-hundred day simple moving average of $274.29. The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

Fidelity MSCI Information Technology Index ETF Company 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.