Atlas Capital Advisors Inc. Buys Shares of 45,231 Fidelity MSCI Information Technology Index ETF $FTEC

Atlas Capital Advisors Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 45,231 shares of the company’s stock, valued at approximately $10,162,000. Fidelity MSCI Information Technology Index ETF makes up 1.1% of Atlas Capital Advisors Inc.’s portfolio, making the stock its 18th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in Fidelity MSCI Information Technology Index ETF by 6,087.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after buying an additional 471,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 129.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after buying an additional 394,739 shares in the last quarter. Vicus Capital raised its position in Fidelity MSCI Information Technology Index ETF by 2,666.4% during the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after buying an additional 108,577 shares during the period. SteelPeak Wealth LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3,622.3% during the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after buying an additional 104,830 shares during the period. Finally, PFG Advisors purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $22,364,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.6%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $278.92 on Friday. The stock has a 50-day moving average price of $257.95 and a 200 day moving average price of $234.28. The company has a market cap of $20.28 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1 year low of $184.88 and a 1 year high of $300.79.

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.