Blue Trust Inc. Makes New $295,000 Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Blue Trust Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,598 shares of the company’s stock, valued at approximately $295,000.

A number of other large investors have also made changes to their positions in the stock. Chevy Chase Trust Holdings LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $352,000. Campbell Wealth Management purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $220,000. Vicus Capital grew its position in shares of Fidelity MSCI Information Technology Index ETF by 3.3% in the fourth quarter. Vicus Capital now owns 114,245 shares of the company’s stock valued at $21,122,000 after purchasing an additional 3,661 shares in the last quarter. Palacios Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $1,065,000. Finally, Root Financial Partners LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $220,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $191.51 on Wednesday. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The stock has a 50 day moving average of $187.11 and a 200 day moving average of $178.96.

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.