Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Purchased by Summit X LLC

Summit X LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,542 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Summit X LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp increased its stake in Fidelity MSCI Information Technology Index ETF by 0.6% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares during the period. AGF Management Ltd. increased its stake in Fidelity MSCI Information Technology Index ETF by 2.9% in the fourth quarter. AGF Management Ltd. now owns 591,343 shares of the company’s stock valued at $109,327,000 after purchasing an additional 16,514 shares during the period. SteelPeak Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $53,085,000. Kestra Investment Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 13.9% in the fourth quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock valued at $35,538,000 after purchasing an additional 23,449 shares during the period. Finally, FMR LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 0.2 %

Shares of NYSEARCA:FTEC opened at $163.12 on Wednesday. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15. The firm’s 50-day simple moving average is $183.43 and its 200-day simple moving average is $180.48. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06.

About Fidelity MSCI Information Technology Index ETF

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.