Ameriprise Financial Inc. Purchases 153,479 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Ameriprise Financial Inc. boosted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 242.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 216,721 shares of the company’s stock after acquiring an additional 153,479 shares during the period. Ameriprise Financial Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $40,067,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $26,000. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $37,000. Bellwether Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $40,000. Promus Capital LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $41,000. Finally, Mainstream Capital Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $44,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $169.86 on Monday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $193.06. The stock has a market cap of $12.05 billion, a P/E ratio of 32.29 and a beta of 1.23. The firm has a 50-day moving average of $160.89 and a 200 day moving average of $176.68.

About Fidelity MSCI Information Technology Index ETF

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.