International Assets Investment Management LLC Purchases 428,283 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

International Assets Investment Management LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 24,943.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 430,000 shares of the company’s stock after buying an additional 428,283 shares during the period. Fidelity MSCI Information Technology Index ETF comprises about 1.0% of International Assets Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. International Assets Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $129,026,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FTEC. Barrett & Company Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $29,000. McCarley & Cook Financial Planners bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $31,000. Highland Investment Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $40,000. Valley National Advisers Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $53,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $66,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $279.03 on Friday. The stock has a market capitalization of $20.73 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1 year low of $198.17 and a 1 year high of $311.83. The business’s 50-day moving average is $292.31 and its 200 day moving average is $260.85.

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.