Formulate Financial LLC Takes Position in Fidelity MSCI Information Technology Index ETF $FTEC

Formulate Financial LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,537 shares of the company’s stock, valued at approximately $570,000. Fidelity MSCI Information Technology Index ETF comprises 0.7% of Formulate Financial LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors have also added to or reduced their stakes in FTEC. Brighton Jones LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% in the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after buying an additional 1,458 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $2,532,000. Jane Street Group LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $3,833,000. Marshall Wace LLP bought a new position in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $5,649,000. Finally, Flow Traders U.S. LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $242,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $275.32 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $184.88 and a 52-week high of $300.79. The firm has a 50 day moving average price of $250.94 and a two-hundred day moving average price of $232.24. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.