Clear Wave Wealth Management LLC increased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 5.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,844 shares of the company’s stock after acquiring an additional 2,390 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 2.2% of Clear Wave Wealth Management LLC’s portfolio, making the stock its 11th largest position. Clear Wave Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $12,856,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $29,000. McCarley & Cook Financial Planners bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $31,000. Highland Investment Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth $40,000. Valley National Advisers Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $53,000. 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
Shares of FTEC stock opened at $267.23 on Tuesday. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 35.45 and a beta of 1.36. Fidelity MSCI Information Technology Index ETF has a 1 year low of $198.17 and a 1 year high of $311.83. The firm has a fifty day moving average price of $290.37 and a 200-day moving average price of $262.12.
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.
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