12,434 Shares in Fidelity MSCI Information Technology Index ETF $FTEC Purchased by Jacobs Equity LLC

Jacobs Equity LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,434 shares of the company’s stock, valued at approximately $2,794,000. Fidelity MSCI Information Technology Index ETF makes up 2.7% of Jacobs Equity LLC’s holdings, making the stock its 7th largest position.

A number of other hedge funds have also made changes to their positions in the company. Summit Global Investments acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $302,000. Beacon Pointe Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 20.8% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,458 shares of the company’s stock worth $552,000 after purchasing an additional 424 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $3,235,000. CacheTech Inc. raised its stake in Fidelity MSCI Information Technology Index ETF by 11.8% in the 4th quarter. CacheTech Inc. now owns 34,463 shares of the company’s stock valued at $7,743,000 after purchasing an additional 3,651 shares during the last quarter. Finally, Coastal Bridge Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 12.5% in the 4th quarter. Coastal Bridge Advisors LLC now owns 2,257 shares of the company’s stock valued at $507,000 after purchasing an additional 251 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $286.54 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $185.26 and a fifty-two week high of $300.79. The stock’s fifty day moving average is $263.60 and its two-hundred day moving average is $236.11. The firm has a market capitalization of $20.83 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.