BridgePort Financial Solutions LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 381.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,280 shares of the company’s stock after purchasing an additional 6,560 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,633,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of FTEC. IMA Advisory Services Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $25,000. NBC Securities Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $46,000. Legacy Wealth Managment LLC ID acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $49,000. Whittier Trust Co. acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $51,000.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA FTEC opened at $224.99 on Friday. The stock has a market capitalization of $16.36 billion, a P/E ratio of 35.45 and a beta of 1.16. The firm’s 50-day moving average is $211.35 and its two-hundred day moving average is $189.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $227.13.
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.
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Want to see what other hedge funds are holding FTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report).
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