Victory Financial Group LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Victory Financial Group LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,348 shares of the company’s stock, valued at approximately $2,805,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth about $1,309,000. Succession Financial Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $3,414,000. NewEdge Advisors LLC lifted its stake 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 valued at $10,498,000 after acquiring an additional 1,744 shares during the period. IPG Investment Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $2,353,000. Finally, Marotta Asset Management lifted its stake in Fidelity MSCI Information Technology Index ETF by 4.8% during the 3rd quarter. Marotta Asset Management now owns 75,679 shares of the company’s stock valued at $22,708,000 after acquiring an additional 3,494 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $293.07 on Wednesday. The company has a market capitalization of $21.78 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The firm’s fifty day simple moving average is $292.03 and its 200-day simple moving average is $259.92.

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.