Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stake Raised by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,133 shares of the company’s stock after buying an additional 937 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Fidelity MSCI Information Technology Index ETF worth $18,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTEC. Jones Financial Companies Lllp increased its stake in Fidelity MSCI Information Technology Index ETF by 40.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,969 shares of the company’s stock valued at $919,000 after buying an additional 1,437 shares during the period. Apollon Wealth Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $219,000. JPMorgan Chase & Co. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after acquiring an additional 6,629 shares during the period. Silver Oak Securities Incorporated increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock valued at $815,000 after acquiring an additional 216 shares during the period. Finally, Truist Financial Corp raised its holdings in Fidelity MSCI Information Technology Index ETF by 0.8% during the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after purchasing an additional 68 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $154.56 on Monday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $193.06. The firm has a market cap of $10.91 billion, a P/E ratio of 32.28 and a beta of 1.23. The stock has a fifty day moving average price of $170.60 and a two-hundred day moving average price of $178.97.

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.