SteelPeak Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,864 shares of the company’s stock, valued at approximately $14,173,000. SteelPeak Wealth LLC owned approximately 0.10% of Fidelity MSCI Information Technology Index ETF at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in FTEC. IMA Advisory Services Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $25,000. NBC Securities Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $46,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $49,000. Whittier Trust Co. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $50,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $51,000.
Fidelity MSCI Information Technology Index ETF Trading Up 0.9%
Shares of NYSEARCA:FTEC opened at $226.98 on Tuesday. The firm has a 50 day moving average of $211.76 and a 200-day moving average of $189.91. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $228.25. The stock has a market capitalization of $16.50 billion, a PE ratio of 35.45 and a beta of 1.16.
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.
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