Glenmede Trust Co. NA Boosts Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Glenmede Trust Co. NA lifted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 264.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,430 shares of the company’s stock after purchasing an additional 1,764 shares during the period. Glenmede Trust Co. NA’s holdings in Fidelity MSCI Information Technology Index ETF were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FTEC. Wealth Watch Advisors INC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $30,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $37,000. SouthState Bank Corp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $50,000. Strategic Advocates LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 76.4% during the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock worth $56,000 after acquiring an additional 107 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $73,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.5%

NYSEARCA:FTEC opened at $289.84 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79. The stock’s 50-day moving average price is $278.63 and its 200-day moving average price is $248.59. The stock has a market capitalization of $21.30 billion, a PE ratio of 35.45 and a beta of 1.34.

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.