VCI Wealth Management LLC Makes New $2.48 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

VCI Wealth Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,245 shares of the company’s stock, valued at approximately $2,477,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.5% of VCI Wealth Management LLC’s holdings, making the stock its 16th largest position.

Several other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,377,081 shares of the company’s stock worth $415,145,000 after purchasing an additional 28,673 shares during the last quarter. Lido Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 9.3% during the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock worth $203,154,000 after purchasing an additional 141,104 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 827,618 shares of the company’s stock worth $101,739,000 after purchasing an additional 10,598 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $33,181,000. Finally, LPL Financial LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. LPL Financial LLC now owns 230,442 shares of the company’s stock worth $28,328,000 after purchasing an additional 8,219 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.2 %

FTEC stock traded up $0.28 during midday trading on Thursday, hitting $147.47. 167,374 shares of the company’s stock were exchanged, compared to its average volume of 257,103. Fidelity MSCI Information Technology Index ETF has a 12-month low of $110.06 and a 12-month high of $159.43. The firm has a 50 day moving average price of $153.09 and a 200-day moving average price of $143.37. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36.

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.