Thrivent Financial for Lutherans Grows Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Thrivent Financial for Lutherans grew its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,772 shares of the company’s stock after buying an additional 983 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity MSCI Information Technology Index ETF were worth $1,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SteelPeak Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $53,085,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $12,347,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $12,377,000. Goldstone Financial Group LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at approximately $7,664,000. Finally, Kestra Investment Management LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 24.4% during the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after buying an additional 33,071 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $161.51 on Friday. The firm has a fifty day moving average of $178.66 and a 200 day moving average of $180.35. The firm has a market cap of $11.40 billion, a PE ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06.

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.