Morningstar Investment Management LLC Grows Stock Position in 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 26.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,949 shares of the company’s stock after buying an additional 25,024 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 2.1% of Morningstar Investment Management LLC’s portfolio, making the stock its 12th biggest holding. Morningstar Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $23,854,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 0.8% during the second quarter. RFG Advisory LLC now owns 8,804 shares of the company’s stock worth $1,736,000 after buying an additional 71 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its position in Fidelity MSCI Information Technology Index ETF by 26.5% during the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 6,365 shares of the company’s stock worth $1,255,000 after buying an additional 1,335 shares during the period. Verdence Capital Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $201,000. Envestnet Portfolio Solutions Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 266.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,405 shares of the company’s stock worth $1,263,000 after buying an additional 4,656 shares during the period. Finally, Concord Asset Management LLC VA purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $227,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $225.14 on Tuesday. The firm has a market capitalization of $16.39 billion, a PE ratio of 35.45 and a beta of 1.16. The business has a 50-day moving average of $213.81 and a two-hundred day moving average of $191.93. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $229.78.

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.