Marotta Asset Management Purchases 3,520 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Marotta Asset Management boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,949 shares of the company’s stock after purchasing an additional 3,520 shares during the period. Marotta Asset Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,875,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after acquiring an additional 809,315 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $23,275,000. Eaton Financial Holdings Company LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $12,347,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 93.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock worth $17,096,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 578.0% in the third quarter. Sanctuary Advisors LLC now owns 34,708 shares of the company’s stock valued at $6,418,000 after acquiring an additional 29,589 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC traded down $4.24 during trading on Friday, reaching $182.21. The company had a trading volume of 143,873 shares, compared to its average volume of 285,325. The business’s fifty day moving average price is $186.15 and its 200 day moving average price is $176.37. Fidelity MSCI Information Technology Index ETF has a 12 month low of $140.68 and a 12 month high of $192.96. The company has a market cap of $11.35 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.