Glenmede Trust Co. NA Increases Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Glenmede Trust Co. NA increased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 264.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,430 shares of the company’s stock after purchasing an additional 1,764 shares during the quarter. Glenmede Trust Co. NA’s holdings in Fidelity MSCI Information Technology Index ETF were worth $506,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FTEC. TABR Capital Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $1,710,000. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity MSCI Information Technology Index ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock valued at $70,402,000 after purchasing an additional 7,672 shares during the period. Cherry Tree Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $531,000. Robertson Stephens Wealth Management LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 97.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 12,657 shares of the company’s stock valued at $2,844,000 after purchasing an additional 6,242 shares during the last quarter. Finally, JSF Financial LLC grew its position in Fidelity MSCI Information Technology Index ETF by 70.3% during the 4th quarter. JSF Financial LLC now owns 11,398 shares of the company’s stock worth $2,561,000 after purchasing an additional 4,707 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $289.84 on Friday. The stock has a 50-day simple moving average of $278.63 and a two-hundred day simple moving average of $248.59. The firm has a market capitalization of $21.30 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79.

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.