Modern Wealth Management LLC Takes Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Modern Wealth Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,965 shares of the company’s stock, valued at approximately $5,047,000.

Several other hedge funds and other institutional investors have also modified their holdings of FTEC. Pathstone Holdings LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.6% during the third quarter. Pathstone Holdings LLC now owns 13,862 shares of the company’s stock worth $2,418,000 after acquiring an additional 220 shares during the period. Citigroup Inc. boosted its stake in Fidelity MSCI Information Technology Index ETF by 53.7% in the 3rd quarter. Citigroup Inc. now owns 26,335 shares of the company’s stock valued at $4,595,000 after purchasing an additional 9,206 shares during the period. Nwam LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $269,000. Centaurus Financial Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 15.6% in the 3rd quarter. Centaurus Financial Inc. now owns 2,316 shares of the company’s stock valued at $404,000 after buying an additional 313 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the third quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after buying an additional 5,739 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $171.00 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The company has a market capitalization of $12.07 billion, a PE ratio of 33.25 and a beta of 1.17. The company’s 50-day simple moving average is $180.08 and its 200 day simple moving average is $180.44.

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.