Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,895 shares of the company’s stock after buying an additional 155 shares during the quarter. Merit Financial Group LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Fidelity MSCI Information Technology Index ETF by 40.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,969 shares of the company’s stock worth $919,000 after buying an additional 1,437 shares during the period. Apollon Wealth Management LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $219,000. Cerity Partners LLC grew its position in Fidelity MSCI Information Technology Index ETF by 81.1% during the fourth quarter. Cerity Partners LLC now owns 2,409 shares of the company’s stock worth $445,000 after buying an additional 1,079 shares during the period. Whalerock Point Partners LLC grew its position in Fidelity MSCI Information Technology Index ETF by 0.9% during the fourth quarter. Whalerock Point Partners LLC now owns 10,298 shares of the company’s stock worth $1,904,000 after buying an additional 89 shares during the period. Finally, Truist Financial Corp grew its position in shares of Fidelity MSCI Information Technology Index ETF by 0.8% in the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after purchasing an additional 68 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $187.13 on Thursday. The firm has a 50 day simple moving average of $168.91 and a 200-day simple moving average of $176.96. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $193.06. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 33.64 and a beta of 1.24.

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.