Marshall Wace LLP Invests $456,000 in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Marshall Wace LLP purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,660 shares of the company’s stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $32,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,308 shares of the company’s stock valued at $2,283,000 after purchasing an additional 778 shares during the period. Brighton Jones LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.8% in the second quarter. Brighton Jones LLC now owns 16,615 shares of the company’s stock valued at $2,850,000 after acquiring an additional 288 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.8% in the 2nd quarter. WCG Wealth Advisors LLC now owns 20,554 shares of the company’s stock valued at $3,525,000 after purchasing an additional 2,163 shares in the last quarter. Finally, Madison Wealth Partners Inc purchased a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth $250,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $178.09 on Friday. The company has a market capitalization of $11.10 billion, a PE ratio of 37.14 and a beta of 1.41. The company has a 50-day simple moving average of $168.05 and a two-hundred day simple moving average of $164.10. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $181.11.

About Fidelity MSCI Information Technology Index ETF

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.