Sterling Investment Counsel LLC Has $7.19 Million Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Sterling Investment Counsel LLC grew its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2,538.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,567 shares of the company’s stock after buying an additional 33,257 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for approximately 2.0% of Sterling Investment Counsel LLC’s holdings, making the stock its 12th biggest holding. Sterling Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $7,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTEC. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $25,000. Wealth Watch Advisors INC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $30,000. Strategic Advocates LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $31,000. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $37,000. Finally, SouthState Bank Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $50,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Fidelity MSCI Information Technology Index ETF stock opened at $286.54 on Monday. The company has a market capitalization of $20.83 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a one year low of $185.26 and a one year high of $300.79. The business has a 50 day simple moving average of $264.93 and a 200 day simple moving average of $236.55.

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.