Atlas Brown Inc. Boosts Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Atlas Brown Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 10,670 shares of the company’s stock after purchasing an additional 170 shares during the period. Atlas Brown Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Marotta Asset Management boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 20.2% during the fourth quarter. Marotta Asset Management now owns 20,949 shares of the company’s stock worth $3,875,000 after purchasing an additional 3,520 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in 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 last quarter. B. Riley Wealth Advisors Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 10.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 2,166 shares of the company’s stock valued at $377,000 after buying an additional 211 shares during the period. Sfmg LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 54.8% in the 3rd quarter. Sfmg LLC now owns 2,396 shares of the company’s stock worth $418,000 after purchasing an additional 848 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 578.0% during the third quarter. Sanctuary Advisors LLC now owns 34,708 shares of the company’s stock valued at $6,418,000 after purchasing an additional 29,589 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock traded down $3.98 during trading hours on Friday, reaching $182.47. 373,531 shares of the company traded hands, compared to its average volume of 327,902. The firm has a 50-day moving average price of $186.15 and a 200 day moving average price of $176.37. The company has a market cap of $11.37 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $140.68 and a 12-month high of $192.96.

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.