Promus Capital LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Promus Capital LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 222 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also recently modified their holdings of the company. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $53,085,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $12,347,000. Goldstone Financial Group LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $7,664,000. Kestra Investment Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 24.4% during the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after acquiring an additional 33,071 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 578.0% during the third quarter. Sanctuary Advisors LLC now owns 34,708 shares of the company’s stock worth $6,418,000 after acquiring an additional 29,589 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $169.07 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The firm’s 50-day simple moving average is $184.69 and its two-hundred day simple moving average is $180.49. The stock has a market cap of $12.31 billion, a PE ratio of 36.37 and a beta of 1.15.

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.