Brookstone Capital Management boosted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 3.1% during the first quarter, Holdings Channel.com reports. The fund owned 29,361 shares of the company’s stock after purchasing an additional 890 shares during the quarter. Brookstone Capital Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,576,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTEC. CHURCHILL MANAGEMENT Corp purchased a new position in Fidelity MSCI Information Technology Index ETF during the first quarter valued at $196,694,000. International Assets Investment Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $33,181,000. Lido Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock worth $203,154,000 after buying an additional 141,104 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $9,538,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 16.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock valued at $60,303,000 after acquiring an additional 59,879 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA FTEC opened at $171.43 on Thursday. The stock’s 50 day simple moving average is $159.29 and its 200-day simple moving average is $153.00. The company has a market cap of $10.68 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1-year low of $118.39 and a 1-year high of $176.34.
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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