Burke & Herbert Bank & Trust Co. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,198 shares of the company’s stock, valued at approximately $960,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the 1st quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $164,961,000. International Assets Investment Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 24,943.7% during the 3rd quarter. International Assets Investment Management LLC now owns 430,000 shares of the company’s stock worth $129,026,000 after purchasing an additional 428,283 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 50.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 270,806 shares of the company’s stock worth $81,258,000 after purchasing an additional 90,617 shares in the last quarter. Finally, Independence Financial Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 6.6% during the 3rd quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after purchasing an additional 9,259 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Trading Up 1.4%
FTEC stock traded up $3.51 during trading on Friday, hitting $258.66. 696,524 shares of the stock traded hands, compared to its average volume of 371,014. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 35.45 and a beta of 1.36. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year high of $311.83. The company has a 50 day simple moving average of $290.76 and a 200 day simple moving average of $261.90.
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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