Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 549,761 shares of the company’s stock, valued at approximately $164,961,000.
Several other large investors also recently made changes to their positions in the company. Barrett & Company Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $29,000. McCarley & Cook Financial Planners acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth approximately $31,000. Highland Investment Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $40,000. Valley National Advisers Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $53,000. Finally, Continuum Advisory LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $66,000.
Fidelity MSCI Information Technology Index ETF Price Performance
FTEC opened at $255.15 on Friday. The stock’s 50 day moving average price is $291.41 and its 200 day moving average price is $261.71. The stock has a market cap of $18.98 billion, a P/E ratio of 35.45 and a beta of 1.36. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83.
Fidelity MSCI Information Technology Index ETF Company 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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