Capital Investment Counsel Inc Increases Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Capital Investment Counsel Inc lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 742.5% during the fourth quarter, Holdings Channel reports. The fund owned 615 shares of the company’s stock after purchasing an additional 542 shares during the quarter. Capital Investment Counsel Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $219,000. JPMorgan Chase & Co. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares during the last quarter. Silver Oak Securities Incorporated increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after acquiring an additional 216 shares during the last quarter. FMR LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the third quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 10.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock worth $296,000 after acquiring an additional 153 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $185.65 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $193.06. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock’s 50-day simple moving average is $187.23 and its 200-day simple moving average is $179.36.

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.