Envestnet Portfolio Solutions Inc. Purchases 268 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Envestnet Portfolio Solutions Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,657 shares of the company’s stock after acquiring an additional 268 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.8% in the fourth quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after purchasing an additional 68 shares in the last quarter. Accelerate Investment Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 7.6% in the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after acquiring an additional 94 shares in the last quarter. Valley Brook Capital Group Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 4.6% during the 4th quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock valued at $402,000 after acquiring an additional 95 shares during the period. Financial Perspectives Inc boosted its stake in Fidelity MSCI Information Technology Index ETF by 0.4% during the fourth quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock worth $5,130,000 after acquiring an additional 97 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 5.3% in the fourth quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock worth $368,000 after purchasing an additional 100 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5 %

FTEC opened at $168.46 on Thursday. The company has a market cap of $11.89 billion, a P/E ratio of 33.25 and a beta of 1.17. The company has a fifty day moving average price of $180.96 and a two-hundred day moving average price of $180.25. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06.

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.