Evergreen Wealth Solutions LLC Acquires New Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Evergreen Wealth Solutions LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,290 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SteelPeak Wealth LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $53,085,000. LPL Financial LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 47.6% during the fourth quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock valued at $71,846,000 after buying an additional 125,340 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $12,347,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $12,377,000. Finally, Goldstone Financial Group LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $7,664,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $163.13 on Wednesday. The stock’s 50 day simple moving average is $162.64 and its 200 day simple moving average is $177.34. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 32.29 and a beta of 1.23. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $193.06.

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.