Cherry Tree Wealth Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,365 shares of the company’s stock, valued at approximately $531,000.
Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $25,000. Bessemer Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $26,000. Wealth Watch Advisors INC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $30,000. Strategic Advocates LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $31,000. Finally, Elyxium Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $37,000.
Fidelity MSCI Information Technology Index ETF Price Performance
Fidelity MSCI Information Technology Index ETF stock opened at $289.25 on Friday. The stock has a fifty day moving average price of $242.99 and a two-hundred day moving average price of $230.01. Fidelity MSCI Information Technology Index ETF has a 52-week low of $177.66 and a 52-week high of $290.06. The firm has a market capitalization of $21.03 billion, a P/E ratio of 35.45 and a beta of 1.31.
Fidelity MSCI Information Technology Index ETF 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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