Alchemi Wealth LLC Buys Shares of 3,078 Fidelity MSCI Information Technology Index ETF $FTEC

Alchemi Wealth 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,078 shares of the company’s stock, valued at approximately $692,000.

A number of other institutional investors also recently bought and sold shares of FTEC. Mercer Global Advisors Inc. ADV lifted its holdings in Fidelity MSCI Information Technology Index ETF by 6,087.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after acquiring an additional 394,739 shares during the period. Vicus Capital lifted its holdings in Fidelity MSCI Information Technology Index ETF by 2,666.4% in the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after acquiring an additional 108,577 shares during the period. SteelPeak Wealth LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 3,622.3% in the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after acquiring an additional 104,830 shares during the period. Finally, PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $22,364,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $278.92 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $184.88 and a fifty-two week high of $300.79. The business’s 50-day moving average is $257.95 and its two-hundred day moving average is $234.28. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.