Copperwynd Financial LLC Takes Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Copperwynd Financial LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,359 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds have also bought and sold shares of FTEC. Bank of New Hampshire bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $32,000. Ables Iannone Moore & Associates Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $34,000. Lynx Investment Advisory purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $37,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $43,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.8 %

NYSEARCA:FTEC opened at $173.88 on Monday. The company has a fifty day moving average of $166.87 and a 200 day moving average of $162.99. Fidelity MSCI Information Technology Index ETF has a 52 week low of $118.39 and a 52 week high of $181.11. The firm has a market capitalization of $10.83 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.