NewEdge Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,762 shares of the company’s stock after purchasing an additional 1,744 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,498,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in FTEC. Range Advisory LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $610,000. Kingsbury Capital Investment Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $201,000. Ameritas Advisory Services LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 99.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 19,001 shares of the company’s stock valued at $5,426,000 after acquiring an additional 9,477 shares during the period. Compass Financial Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $213,000. Finally, Succession Financial Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $3,414,000.
Fidelity MSCI Information Technology Index ETF Trading Up 1.2%
FTEC opened at $289.02 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $300.79. The company has a market cap of $21.24 billion, a P/E ratio of 35.45 and a beta of 1.35. The company has a fifty day moving average price of $281.14 and a two-hundred day moving average price of $259.90.
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.
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