Raymond James Financial Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 66,946 shares of the company’s stock, valued at approximately $12,377,000.
Other large investors have also modified their holdings of the company. Fifth Third Bancorp acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $37,000. Promus Capital LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $41,000. Mainstream Capital Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $44,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $48,000. Finally, Sound Income Strategies LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after purchasing an additional 157 shares during the period.
Fidelity MSCI Information Technology Index ETF Stock Up 1.5 %
FTEC opened at $168.46 on Thursday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The business’s 50 day moving average is $180.96 and its two-hundred day moving average is $180.25. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17.
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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