New York Life Investment Management LLC Buys Shares of 2,348 Fidelity MSCI Information Technology Index ETF $FTEC

New York Life Investment Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,348 shares of the company’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTEC. Western Wealth Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 24.9% in the 4th quarter. Western Wealth Management LLC now owns 1,897 shares of the company’s stock valued at $426,000 after buying an additional 378 shares during the period. Allworth Financial LP raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.9% in the 4th quarter. Allworth Financial LP now owns 18,467 shares of the company’s stock valued at $4,149,000 after buying an additional 1,185 shares during the period. Pacific Sun Financial Corp raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.9% in the 4th quarter. Pacific Sun Financial Corp now owns 2,603 shares of the company’s stock valued at $585,000 after buying an additional 213 shares during the period. Moneco Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $210,000. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $3,801,000.

Fidelity MSCI Information Technology Index ETF Trading Up 2.1%

FTEC stock opened at $271.76 on Thursday. The company has a market capitalization of $19.76 billion, a PE ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 12-month low of $175.39 and a 12-month high of $275.77. The business’s fifty day moving average price is $234.02 and its 200 day moving average price is $227.61.

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.