Envestnet Asset Management Inc. Increases Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Envestnet Asset Management Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTECFree Report) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,820 shares of the company’s stock after buying an additional 59,879 shares during the period. Envestnet Asset Management Inc. owned 0.75% of Fidelity MSCI Information Technology Index ETF worth $60,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 226.0% in the 3rd quarter. Citigroup Inc. now owns 665 shares of the company’s stock valued at $82,000 after acquiring an additional 461 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 56.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,355 shares of the company’s stock worth $482,000 after buying an additional 1,207 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $96,000. Raymond James & Associates boosted its stake in Fidelity MSCI Information Technology Index ETF by 0.8% during the fourth quarter. Raymond James & Associates now owns 19,969 shares of the company’s stock valued at $2,868,000 after buying an additional 165 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 10.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,804 shares of the company’s stock valued at $546,000 after buying an additional 363 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $164.08 on Tuesday. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1 year low of $118.39 and a 1 year high of $164.62. The business’s 50 day simple moving average is $154.75 and its 200-day simple moving average is $150.20.

Fidelity MSCI Information Technology Index ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

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