Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Lifted by Nwam LLC

Nwam LLC boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 407.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,809 shares of the company’s stock after acquiring an additional 6,270 shares during the quarter. Nwam LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $219,000. JPMorgan Chase & Co. grew its stake 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 valued at $22,449,000 after purchasing an additional 6,629 shares in the last quarter. Silver Oak Securities Incorporated increased its position in Fidelity MSCI Information Technology Index ETF by 5.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after purchasing an additional 216 shares during the last quarter. FMR LLC raised its stake 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 purchasing an additional 5,739 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 10.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after buying an additional 153 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $175.06 on Friday. The business has a 50 day simple moving average of $186.64 and a 200 day simple moving average of $180.28. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15.

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.