Morningstar Investment Management LLC Has $24.54 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Morningstar Investment Management LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,953 shares of the company’s stock after acquiring an additional 22,808 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up 1.5% of Morningstar Investment Management LLC’s holdings, making the stock its 11th biggest holding. Morningstar Investment Management LLC owned about 0.16% of Fidelity MSCI Information Technology Index ETF worth $24,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Watch Advisors INC bought a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $37,000. SouthState Bank Corp bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $50,000. Strategic Advocates LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 76.4% in the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock worth $56,000 after purchasing an additional 107 shares during the period. Finally, MidFirst Bank acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $73,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $270.52 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79. The firm’s fifty day moving average is $278.88 and its 200-day moving average is $245.19. The firm has a market cap of $19.83 billion, a P/E ratio of 35.45 and a beta of 1.34.

Fidelity MSCI Information Technology Index ETF 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.