Burke & Herbert Bank & Trust Co. Acquires 3,198 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Burke & Herbert Bank & Trust Co. acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,198 shares of the company’s stock, valued at approximately $960,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Monte Financial Group LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the third quarter. Monte Financial Group LLC now owns 1,798 shares of the company’s stock valued at $540,000 after buying an additional 51 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 50.3% in the third quarter. Kestra Advisory Services LLC now owns 270,806 shares of the company’s stock valued at $81,258,000 after buying an additional 90,617 shares during the last quarter. Platform Technology Partners bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $202,000. Commonwealth Equity Services LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $164,961,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $215,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.4%

NYSEARCA:FTEC traded up $3.51 during mid-day trading on Friday, reaching $258.66. 696,524 shares of the company were exchanged, compared to its average volume of 371,014. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The company has a fifty day moving average of $290.76 and a 200 day moving average of $261.90. The stock has a market cap of $19.30 billion, a PE ratio of 35.45 and a beta of 1.36.

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.