Fidelity MSCI Information Technology Index ETF $FTEC Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6,087.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,401 shares of the company’s stock after buying an additional 471,653 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Fidelity MSCI Information Technology Index ETF were worth $106,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 307.1% during the 3rd quarter. Larson Financial Group LLC now owns 631 shares of the company’s stock valued at $140,000 after acquiring an additional 476 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 287.1% in the third quarter. Flow Traders U.S. LLC now owns 4,753 shares of the company’s stock valued at $1,056,000 after purchasing an additional 3,525 shares in the last quarter. Elevation Point Wealth Partners LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 4,623.1% in the third quarter. Elevation Point Wealth Partners LLC now owns 20,876 shares of the company’s stock valued at $4,638,000 after purchasing an additional 20,434 shares during the last quarter. Ausdal Financial Partners Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $726,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 77,835 shares of the company’s stock worth $17,277,000 after purchasing an additional 4,604 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $216.12 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. The firm has a 50 day simple moving average of $221.57 and a 200-day simple moving average of $222.82.

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.