Fidelity MSCI Information Technology Index ETF $FTEC Shares Newly Purchased by Investment Management Corp VA ADV

Investment Management Corp VA ADV acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,903 shares of the company’s stock, valued at approximately $4,772,000. Fidelity MSCI Information Technology Index ETF accounts for 3.8% of Investment Management Corp VA ADV’s holdings, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of FTEC. Barrett & Company Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $29,000. McCarley & Cook Financial Planners purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $31,000. Highland Investment Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $40,000. Valley National Advisers Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $53,000. Finally, Continuum Advisory LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $66,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $258.66 on Friday. The firm has a market capitalization of $19.30 billion, a P/E ratio of 35.45 and a beta of 1.36. The stock has a 50 day moving average price of $290.76 and a 200-day moving average price of $261.90. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $311.83.

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.