Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Bought by Summit Financial LLC

Summit Financial LLC increased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 14,363 shares of the company’s stock after acquiring an additional 536 shares during the period. Summit Financial LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTEC. Truist Financial Corp raised its position in shares of Fidelity MSCI Information Technology Index ETF by 0.8% during the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after purchasing an additional 68 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 3.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,895 shares of the company’s stock worth $350,000 after purchasing an additional 71 shares in the last quarter. Accelerate Investment Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 7.6% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after buying an additional 94 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 4.6% in the fourth quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock worth $402,000 after buying an additional 95 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of Fidelity MSCI Information Technology Index ETF by 0.4% in the fourth quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock worth $5,130,000 after acquiring an additional 97 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $161.27 on Tuesday. The stock has a market cap of $11.39 billion, a PE ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The stock’s 50-day moving average is $178.15 and its two-hundred day moving average is $180.52.

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.