Wedmont Private Capital Purchases Shares of 2,574 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Wedmont Private Capital acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,574 shares of the company’s stock, valued at approximately $470,000.

Other hedge funds also recently modified their holdings of the company. Atlas Brown Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.6% in the 4th quarter. Atlas Brown Inc. now owns 10,670 shares of the company’s stock valued at $1,973,000 after buying an additional 170 shares during the last quarter. Marotta Asset Management raised its position in Fidelity MSCI Information Technology Index ETF by 20.2% during the fourth quarter. Marotta Asset Management now owns 20,949 shares of the company’s stock worth $3,875,000 after acquiring an additional 3,520 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity MSCI Information Technology Index ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after acquiring an additional 6,629 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 10.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,166 shares of the company’s stock valued at $377,000 after acquiring an additional 211 shares during the period. Finally, Sfmg LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 54.8% during the 3rd quarter. Sfmg LLC now owns 2,396 shares of the company’s stock worth $418,000 after purchasing an additional 848 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $185.32 on Thursday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $140.72 and a 52-week high of $192.96. The company has a market capitalization of $11.55 billion, a P/E ratio of 37.14 and a beta of 1.41. The company has a 50-day simple moving average of $186.60 and a 200 day simple moving average of $176.74.

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.