Selective Wealth Management Inc. Acquires New Shares in Fidelity MSCI Information Technology Index ETF $FTEC

Selective Wealth Management Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,020 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter valued at $374,000. Flagship Harbor Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 9.8% during the first quarter. Flagship Harbor Advisors LLC now owns 1,319 shares of the company’s stock valued at $213,000 after buying an additional 118 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the company’s stock valued at $273,000 after buying an additional 176 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 12.0% in the first quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock valued at $499,000 after acquiring an additional 330 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 33.6% in the first quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock valued at $568,000 after acquiring an additional 878 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $218.51 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $219.08. The business’s 50-day moving average is $207.08 and its two-hundred day moving average is $185.06. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16.

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.