Valley Brook Capital Group Inc. Makes New $261,000 Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Valley Brook Capital Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,820 shares of the company’s stock, valued at approximately $261,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Avidian Wealth Solutions LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 21.7% during the fourth quarter. Avidian Wealth Solutions LLC now owns 4,116 shares of the company’s stock valued at $591,000 after purchasing an additional 735 shares during the period. Axxcess Wealth Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 13.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,333 shares of the company’s stock valued at $335,000 after buying an additional 277 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 2.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 10,726 shares of the company’s stock worth $1,541,000 after buying an additional 304 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 16.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 8,283 shares of the company’s stock worth $1,190,000 after acquiring an additional 1,191 shares during the period. Finally, Essex Financial Services Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 7.5% in the fourth quarter. Essex Financial Services Inc. now owns 3,817 shares of the company’s stock valued at $548,000 after acquiring an additional 265 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC traded up $3.88 during mid-day trading on Friday, reaching $151.40. 229,770 shares of the company traded hands, compared to its average volume of 264,361. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $110.80 and a fifty-two week high of $159.43. The firm has a market cap of $9.43 billion, a PE ratio of 37.14 and a beta of 1.41. The stock has a fifty day simple moving average of $152.71 and a 200-day simple moving average of $144.57.

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.