Marotta Asset Management Grows Position in Fidelity MSCI Information Technology Index ETF $FTEC

Marotta Asset Management boosted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTECFree 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

(Free Report)

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

Institutional Ownership by Quarter for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

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