Succession Financial Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,956 shares of the company’s stock, valued at approximately $3,414,000. Fidelity MSCI Information Technology Index ETF accounts for 3.2% of Succession Financial Inc.’s investment portfolio, making the stock its 7th biggest holding.
Several other hedge funds also recently made changes to their positions in FTEC. Wealth Watch Advisors INC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth $30,000. Highland Investment Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $40,000. Elyxium Wealth LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $37,000. SouthState Bank Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $50,000. Finally, Continuum Advisory LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $66,000.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA:FTEC opened at $289.31 on Friday. The firm’s 50-day moving average price is $280.15 and its 200-day moving average price is $257.48. The company has a market capitalization of $21.26 billion, a PE ratio of 35.45 and a beta of 1.35. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $300.79.
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.
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