Morningstar Investment Management LLC Acquires 22,808 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Morningstar Investment Management LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 24.0% in the 1st quarter, HoldingsChannel reports. The firm owned 117,953 shares of the company’s stock after acquiring an additional 22,808 shares during the period. Fidelity MSCI Information Technology Index ETF makes up approximately 1.5% of Morningstar Investment Management LLC’s holdings, making the stock its 11th largest holding. Morningstar Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $24,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FTEC. Walkner Condon Financial Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 5.1% in the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock valued at $202,000 after buying an additional 47 shares during the period. Founders Financial Alliance LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 2.0% during the 4th quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock worth $559,000 after buying an additional 49 shares during the period. Smithfield Trust Co grew its position in shares of Fidelity MSCI Information Technology Index ETF by 2.1% during the 4th quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock worth $544,000 after buying an additional 50 shares during the period. Main Street Financial Solutions LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 5.3% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,087 shares of the company’s stock worth $244,000 after buying an additional 55 shares during the period. Finally, Florida Financial Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.9% in the 4th quarter. Florida Financial Advisors LLC now owns 6,303 shares of the company’s stock valued at $1,417,000 after acquiring an additional 56 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.0%

Fidelity MSCI Information Technology Index ETF stock opened at $270.52 on Friday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $300.79. The firm’s fifty day moving average is $278.88 and its 200 day moving average is $245.19. The company has a market capitalization of $19.83 billion, a PE ratio of 35.45 and a beta of 1.34.

Fidelity MSCI Information Technology Index ETF Company 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.