Fidelity MSCI Information Technology Index ETF $FTEC Shares Acquired by Marotta Asset Management

Marotta Asset Management increased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,679 shares of the company’s stock after purchasing an additional 3,494 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 3.8% of Marotta Asset Management’s holdings, making the stock its 7th biggest position. Marotta Asset Management owned approximately 0.10% of Fidelity MSCI Information Technology Index ETF worth $22,708,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Strengthening Families & Communities LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 2.5% in the second quarter. Strengthening Families & Communities LLC now owns 1,520 shares of the company’s stock valued at $434,000 after buying an additional 37 shares in the last quarter. Eley Financial Management Inc raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.3% during the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after acquiring an additional 41 shares during the period. Walkner Condon Financial Advisors LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.1% during the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock worth $202,000 after acquiring an additional 47 shares during the period. Daviman Financial LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.8% during the first quarter. Daviman Financial LLC now owns 1,005 shares of the company’s stock worth $209,000 after acquiring an additional 81 shares during the period. Finally, CAP Partners LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.1% in the 1st quarter. CAP Partners LLC now owns 7,750 shares of the company’s stock valued at $1,612,000 after acquiring an additional 84 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC traded up $3.04 on Friday, reaching $306.30. The company had a trading volume of 306,631 shares, compared to its average volume of 368,022. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 35.45 and a beta of 1.35. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $308.68. The company’s fifty day moving average is $286.57 and its 200-day moving average is $267.83.

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.