Western Wealth Management LLC Acquires Shares of 1,398 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Western Wealth Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,398 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently bought and sold shares of the business. Court Place Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 7.5% during the fourth quarter. Court Place Advisors LLC now owns 26,469 shares of the company’s stock worth $3,802,000 after acquiring an additional 1,848 shares during the period. Key Financial Inc acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $38,000. Beam Wealth Advisors Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $219,000. Investors Research Corp increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.2% during the fourth quarter. Investors Research Corp now owns 4,888 shares of the company’s stock worth $702,000 after acquiring an additional 243 shares during the period. Finally, BOK Financial Private Wealth Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 13.3% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 861 shares of the company’s stock worth $124,000 after acquiring an additional 101 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 1.3 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $144.33 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $108.86 and a 52-week high of $159.43. The company’s 50-day simple moving average is $153.29 and its 200-day simple moving average is $143.19. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36.

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.