Park Avenue Securities LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor bought 5,394 shares of the company’s stock, valued at approximately $1,619,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 32.0% during the third quarter. Verdence Capital Advisors LLC now owns 1,473 shares of the company’s stock worth $442,000 after purchasing an additional 357 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 5.0% during the third quarter. Flagship Harbor Advisors LLC now owns 3,640 shares of the company’s stock valued at $1,092,000 after purchasing an additional 174 shares during the last quarter. Leo Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $645,000. Apollon Wealth Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 30.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,655 shares of the company’s stock worth $497,000 after buying an additional 382 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $9,144,000.
Fidelity MSCI Information Technology Index ETF Price Performance
FTEC opened at $279.03 on Monday. The business’s fifty day simple moving average is $292.31 and its 200 day simple moving average is $260.85. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $311.83. The stock has a market cap of $20.73 billion, a PE ratio of 35.45 and a beta of 1.34.
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.
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