Marotta Asset Management boosted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,843 shares of the company’s stock after purchasing an additional 6,806 shares during the period. Fidelity MSCI Information Technology Index ETF makes up approximately 1.7% of Marotta Asset Management’s portfolio, making the stock its 23rd biggest holding. Marotta Asset Management owned approximately 0.06% of Fidelity MSCI Information Technology Index ETF worth $9,176,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $25,000. AlphaCore Capital LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the second quarter valued at $26,000. Bessemer Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at $26,000. Wealth Watch Advisors INC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $30,000. Finally, Strategic Advocates LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $31,000.
Fidelity MSCI Information Technology Index ETF Price Performance
Shares of NYSEARCA:FTEC opened at $210.06 on Friday. The business has a 50-day moving average of $220.52 and a two-hundred day moving average of $222.79. The firm has a market capitalization of $15.33 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25.
Fidelity MSCI Information Technology Index ETF Company 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.
Further Reading
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