SVB Wealth LLC Purchases New Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

SVB Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, Holdings Channel.com reports. The firm acquired 5,842 shares of the company’s stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. Aptus Capital Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $37,000. Newbridge Financial Services Group Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $48,000. Sound Income Strategies LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after acquiring an additional 157 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $69,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock opened at $177.93 on Monday. The stock has a market cap of $12.95 billion, a PE ratio of 36.37 and a beta of 1.15. The stock has a 50-day moving average of $186.24 and a 200-day moving average of $180.47. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06.

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.