Renaissance Technologies LLC Makes New $2.42 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Renaissance Technologies LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 13,100 shares of the company’s stock, valued at approximately $2,422,000.

A number of other large investors also recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp raised its position in Fidelity MSCI Information Technology Index ETF by 0.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock worth $238,738,000 after purchasing an additional 7,974 shares during the last quarter. AGF Management Ltd. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 2.9% during the fourth quarter. AGF Management Ltd. now owns 591,343 shares of the company’s stock worth $109,327,000 after acquiring an additional 16,514 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 47.6% during the fourth quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock valued at $71,846,000 after acquiring an additional 125,340 shares during the period. SteelPeak Wealth LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $53,085,000. Finally, Kestra Investment Management LLC increased its position 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 worth $35,538,000 after purchasing an additional 23,449 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5 %

Shares of NYSEARCA FTEC opened at $162.55 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $193.06. The firm’s 50-day moving average is $163.77 and its 200-day moving average is $177.56. The firm has a market capitalization of $11.53 billion, a PE ratio of 32.29 and a beta of 1.23.

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.