Go Invest LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 32,680 shares of the company’s stock, valued at approximately $9,806,000. Fidelity MSCI Information Technology Index ETF accounts for approximately 2.1% of Go Invest LLC’s portfolio, making the stock its 7th largest holding.
Other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth $1,309,000. Succession Financial Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at $3,414,000. Jacobs Equity LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $2,794,000. Sterling Investment Counsel LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,538.7% during the first quarter. Sterling Investment Counsel LLC now owns 34,567 shares of the company’s stock valued at $7,192,000 after acquiring an additional 33,257 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Fidelity MSCI Information Technology Index ETF by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 36,762 shares of the company’s stock worth $10,498,000 after purchasing an additional 1,744 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF Trading Down 1.7%
Shares of FTEC stock opened at $303.76 on Friday. The firm has a 50-day moving average price of $290.66 and a 200 day moving average price of $271.10. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $311.83. The company has a market capitalization of $22.33 billion, a price-to-earnings 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.
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