Miracle Mile Advisors LLC Acquires New Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Miracle Mile Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,091 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after acquiring an additional 809,315 shares in the last quarter. Kestra Investment Management LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 24.4% in the third quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after purchasing an additional 33,071 shares during the period. FMR LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after buying an additional 5,739 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after buying an additional 6,629 shares during the period. Finally, Stifel Financial Corp grew its stake in Fidelity MSCI Information Technology Index ETF by 11.8% in the 3rd quarter. Stifel Financial Corp now owns 120,574 shares of the company’s stock valued at $21,041,000 after buying an additional 12,681 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $183.94 on Friday. The company has a market capitalization of $11.46 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a one year low of $140.72 and a one year high of $192.96. The company’s fifty day moving average price is $186.56 and its 200 day moving average price is $176.79.

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.