Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 93.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,320 shares of the company’s stock after purchasing an additional 47,500 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of Fidelity MSCI Information Technology Index ETF worth $17,096,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of FTEC. Wealth Enhancement Advisory Services LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 1.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,382 shares of the company’s stock worth $2,709,000 after purchasing an additional 287 shares in the last quarter. Diversified Trust Co purchased a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth $242,000. Claro Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth $1,437,000. CAP Partners LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 5.1% during the first quarter. CAP Partners LLC now owns 8,147 shares of the company’s stock worth $1,270,000 after purchasing an additional 398 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 42.3% in the first quarter. SeaCrest Wealth Management LLC now owns 4,243 shares of the company’s stock valued at $661,000 after acquiring an additional 1,261 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF Stock Up 0.5 %
Shares of NYSEARCA:FTEC opened at $179.09 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $118.39 and a 52-week high of $181.49. The stock’s fifty day simple moving average is $172.08 and its 200-day simple moving average is $166.02. The company has a market capitalization of $11.16 billion, a P/E ratio of 37.14 and a beta of 1.41.
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.
Further Reading
- Five stocks we like better than Fidelity MSCI Information Technology Index ETF
- Stock Analyst Ratings and Canadian Analyst Ratings
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Profitably Trade Stocks at 52-Week Highs
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding FTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report).
Receive News & Ratings for Fidelity MSCI Information Technology Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Information Technology Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.