Marotta Asset Management Grows Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Marotta Asset Management lifted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 20.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,843 shares of the company’s stock after buying an additional 6,806 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 1.7% of Marotta Asset Management’s portfolio, making the stock its 23rd largest holding. Marotta Asset Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $9,176,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FTEC. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares in the last quarter. PFG Advisors acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $22,364,000. Orion Porfolio Solutions LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 406.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after purchasing an additional 86,780 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Fidelity MSCI Information Technology Index ETF by 4,004.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 86,073 shares of the company’s stock valued at $16,975,000 after purchasing an additional 83,976 shares during the period. Finally, AGF Management Ltd. raised its position in Fidelity MSCI Information Technology Index ETF by 11.8% in the third quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock valued at $153,280,000 after purchasing an additional 72,848 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $210.06 on Friday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25. The stock’s 50-day moving average is $220.52 and its two-hundred day moving average is $222.79. The stock has a market cap of $15.33 billion, a PE ratio of 35.45 and a beta of 1.24.

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.