Stonebrook Private Inc. Makes New $4.67 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Stonebrook Private Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,540 shares of the company’s stock, valued at approximately $4,674,000. Fidelity MSCI Information Technology Index ETF makes up about 1.6% of Stonebrook Private Inc.’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors have also modified their holdings of FTEC. Larson Financial Group LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 193.8% during the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after buying an additional 124 shares in the last quarter. NBC Securities Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $29,000. Provence Wealth Management Group purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $37,000. Key Financial Inc purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $38,000. Finally, SYM FINANCIAL Corp acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $53,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.6 %

FTEC stock traded up $2.41 during mid-day trading on Friday, reaching $149.88. The company’s stock had a trading volume of 166,985 shares, compared to its average volume of 255,990. The company’s 50 day moving average is $152.96 and its two-hundred day moving average is $143.68. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $110.66 and a fifty-two week high of $159.43. The stock has a market cap of $9.30 billion, a PE 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.