DAVENPORT & Co LLC Boosts Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

DAVENPORT & Co LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,430 shares of the company’s stock after purchasing an additional 624 shares during the quarter. DAVENPORT & Co LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTEC. TBH Global Asset Management LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1,753.6% in the first quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock valued at $25,902,000 after purchasing an additional 151,950 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter worth $16,917,000. Independence Financial Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter worth $9,858,000. CacheTech Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter worth $6,532,000. Finally, Grimes & Company Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth $7,908,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.0%

Shares of FTEC opened at $228.72 on Friday. The company has a market cap of $16.63 billion, a PE ratio of 35.45 and a beta of 1.16. The business has a fifty day moving average of $213.04 and a 200 day moving average of $190.82. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $229.00.

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.