Cherry Tree Wealth Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 2,365 shares of the company’s stock, valued at approximately $531,000.
Several other large investors also recently made changes to their positions in FTEC. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $25,000. Bessemer Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $26,000. Wealth Watch Advisors INC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $30,000. Strategic Advocates LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $31,000. Finally, Elyxium Wealth LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $37,000.
Fidelity MSCI Information Technology Index ETF Stock Up 1.8%
Fidelity MSCI Information Technology Index ETF stock opened at $289.25 on Friday. The business’s 50-day simple moving average is $242.99 and its 200 day simple moving average is $230.01. The stock has a market cap of $21.03 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 12-month low of $177.66 and a 12-month high of $290.06.
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.
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