Jacobs Equity LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Jacobs Equity LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, HoldingsChannel reports. The firm purchased 12,434 shares of the company’s stock, valued at approximately $2,794,000. Fidelity MSCI Information Technology Index ETF comprises about 2.7% of Jacobs Equity LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in FTEC. SteelPeak Wealth LLC grew its position in Fidelity MSCI Information Technology Index ETF by 3,622.3% in the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after acquiring an additional 104,830 shares in the last quarter. TABR Capital Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $1,710,000. PFG Advisors acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $22,364,000. Perennial Investment Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $580,000. Finally, Certified Advisory Corp boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 237.4% in the third quarter. Certified Advisory Corp now owns 6,910 shares of the company’s stock valued at $1,535,000 after purchasing an additional 4,862 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $286.54 on Friday. The stock has a market capitalization of $20.83 billion, a P/E ratio of 35.45 and a beta of 1.34. The company has a 50 day moving average price of $263.60 and a 200 day moving average price of $236.11. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $185.26 and a fifty-two week high of $300.79.

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.