Marotta Asset Management Grows Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Marotta Asset Management raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 20.2% during the fourth quarter, HoldingsChannel reports. The fund owned 20,949 shares of the company’s stock after purchasing an additional 3,520 shares during the quarter. Marotta Asset Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FTEC. International Assets Investment Management LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after purchasing an additional 809,315 shares in the last quarter. LPL Financial LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 1.5% in the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock valued at $47,800,000 after purchasing an additional 4,017 shares in the last quarter. Kestra Investment Management LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 24.4% during the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after buying an additional 33,071 shares in the last quarter. FMR LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Fidelity MSCI Information Technology Index ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.3 %

FTEC stock traded down $4.24 during midday trading on Friday, hitting $182.21. The company had a trading volume of 143,873 shares, compared to its average volume of 285,325. Fidelity MSCI Information Technology Index ETF has a 52 week low of $140.68 and a 52 week high of $192.96. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock’s 50 day moving average price is $186.15 and its 200 day moving average price is $176.37.

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.