Kestra Investment Management LLC Purchases New Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Kestra Investment Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 135,699 shares of the company’s stock, valued at approximately $23,275,000. Fidelity MSCI Information Technology Index ETF comprises about 1.6% of Kestra Investment Management LLC’s holdings, making the stock its 19th biggest position.

A number of other large investors also recently bought and sold shares of FTEC. CHURCHILL MANAGEMENT Corp purchased a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $196,694,000. Envestnet Asset Management Inc. raised its position in Fidelity MSCI Information Technology Index ETF by 16.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after buying an additional 59,879 shares during the last quarter. Cetera Investment Advisers raised its position in Fidelity MSCI Information Technology Index ETF by 130.8% during the 1st quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock worth $14,884,000 after buying an additional 54,133 shares during the last quarter. AGF Management Ltd. raised its position in Fidelity MSCI Information Technology Index ETF by 18.4% during the 2nd quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock worth $45,207,000 after buying an additional 40,910 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its position in Fidelity MSCI Information Technology Index ETF by 866.8% during the 4th quarter. Personal CFO Solutions LLC now owns 36,438 shares of the company’s stock worth $5,234,000 after buying an additional 32,669 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $174.50 on Tuesday. The company has a market cap of $10.87 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $181.11. The firm has a fifty day moving average of $166.87 and a two-hundred day moving average of $163.04.

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.