Strategic Financial Concepts LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 28,102 shares of the company’s stock, valued at approximately $5,195,000.

A number of other institutional investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp grew its position in Fidelity MSCI Information Technology Index ETF by 0.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares during the period. International Assets Investment Management LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after purchasing an additional 809,315 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $53,085,000. Kestra Investment Management LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 24.4% in the third quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after purchasing an additional 33,071 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the third quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after buying an additional 5,739 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.9 %

NYSEARCA FTEC opened at $184.75 on Monday. The business has a fifty day simple moving average of $187.29 and a 200 day simple moving average of $177.92. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The firm has a market capitalization of $11.51 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.