23,441 Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Acquired by MGO One Seven LLC

MGO One Seven LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 23,441 shares of the company’s stock, valued at approximately $3,367,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC raised its position in Fidelity MSCI Information Technology Index ETF by 193.8% in the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after purchasing an additional 124 shares during the last quarter. Provence Wealth Management Group bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $37,000. Key Financial Inc bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $38,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $43,000. Finally, CVA Family Office LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $82,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC remained flat at $164.09 during midday trading on Tuesday. The stock had a trading volume of 21,310 shares, compared to its average volume of 241,308. The stock has a fifty day simple moving average of $154.75 and a 200-day simple moving average of $150.20. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $164.62.

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.