Venturi Wealth Management LLC Increases Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Venturi Wealth Management LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 300.5% during the 4th quarter, HoldingsChannel reports. The firm owned 3,060 shares of the company’s stock after acquiring an additional 2,296 shares during the period. Venturi Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $37,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $48,000. Sound Income Strategies LLC boosted 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 in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $69,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Fidelity MSCI Information Technology Index ETF stock opened at $191.41 on Thursday. 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 cap of $11.92 billion, a PE ratio of 37.14 and a beta of 1.41. The stock’s 50 day moving average price is $187.21 and its 200 day moving average price is $179.28.

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.