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

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,657 shares of the company’s stock after buying 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FTEC. Fifth Third Bancorp bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $37,000. Promus Capital LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $41,000. Mainstream Capital Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $44,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $48,000. Finally, Sound Income Strategies LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after buying an additional 157 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $168.46 on Thursday. The business has a 50-day moving average of $180.96 and a 200-day moving average 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. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17.

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.