3,494 Fidelity MSCI Information Technology Index ETF $FTEC Shares Bought by Marotta Asset Management

Marotta Asset Management grew its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.8% during the third quarter, Holdings Channel.com reports. The firm owned 75,679 shares of the company’s stock after acquiring an additional 3,494 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for about 3.8% of Marotta Asset Management’s portfolio, making the stock its 7th biggest position. Marotta Asset Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $22,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in FTEC. Concurrent Investment Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $1,309,000. Jacobs Equity LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $2,794,000. Sterling Investment Counsel LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,538.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 34,567 shares of the company’s stock worth $7,192,000 after buying an additional 33,257 shares during the last quarter. Succession Financial Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $3,414,000. Finally, LPL Financial LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the 4th quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after acquiring an additional 85,840 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 1.0%

Shares of NYSEARCA:FTEC traded up $3.04 during midday trading on Friday, reaching $306.30. The company had a trading volume of 306,631 shares, compared to its average volume of 368,022. The business’s 50 day moving average price is $286.57 and its 200 day moving average price is $267.83. The stock has a market cap of $22.51 billion, a PE ratio of 35.45 and a beta of 1.35. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $308.68.

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.