Fidelity MSCI Information Technology Index ETF $FTEC Stock Position Lifted by Armor Investment Advisors LLC

Armor Investment Advisors LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,569 shares of the company’s stock after purchasing an additional 845 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for approximately 6.1% of Armor Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Armor Investment Advisors LLC owned about 0.12% of Fidelity MSCI Information Technology Index ETF worth $16,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 23.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after acquiring an additional 127,232 shares during the period. AGF Management Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the second quarter. AGF Management Ltd. now owns 617,076 shares of the company’s stock valued at $121,700,000 after buying an additional 9,114 shares in the last quarter. LPL Financial LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.9% during the 1st quarter. LPL Financial LLC now owns 403,813 shares of the company’s stock valued at $65,123,000 after buying an additional 15,205 shares in the last quarter. Kestra Investment Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 11.4% in the 1st quarter. Kestra Investment Management LLC now owns 214,133 shares of the company’s stock valued at $34,533,000 after acquiring an additional 21,914 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Fidelity MSCI Information Technology Index ETF by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 135,518 shares of the company’s stock valued at $26,727,000 after acquiring an additional 13,927 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $219.70 on Tuesday. The stock has a market capitalization of $16.15 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25. The company has a fifty day moving average of $225.25 and a two-hundred day moving average of $207.05.

Fidelity MSCI Information Technology Index ETF Company 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.