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 67.0% during the first quarter, Holdings Channel reports. The fund owned 68,189 shares of the company’s stock after buying an additional 27,346 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up 2.6% of Marotta Asset Management’s holdings, making the stock its 11th largest holding. Marotta Asset Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $14,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Financial Life Planners acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $30,000. Strategic Advocates LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $31,000. Elyxium Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $37,000. Finally, SouthState Bank Corp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $50,000.

Fidelity MSCI Information Technology Index ETF Stock Down 2.2%

Shares of FTEC stock opened at $273.89 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $197.63 and a 52-week high of $300.79. The stock has a market cap of $20.10 billion, a PE ratio of 35.45 and a beta of 1.34. The business has a 50-day simple moving average of $273.23 and a 200-day simple moving average of $239.68.

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.