Lee Danner & Bass Inc. Acquires New Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Lee Danner & Bass Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 400 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp lifted its stake in Fidelity MSCI Information Technology Index ETF by 0.8% in the 4th quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after acquiring an additional 68 shares in the last quarter. Accelerate Investment Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 7.6% in the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after acquiring an additional 94 shares in the last quarter. Valley Brook Capital Group Inc. lifted its stake in Fidelity MSCI Information Technology Index ETF by 4.6% in the 4th quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock valued at $402,000 after acquiring an additional 95 shares in the last quarter. Financial Perspectives Inc lifted its stake in Fidelity MSCI Information Technology Index ETF by 0.4% in the 4th quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock valued at $5,130,000 after acquiring an additional 97 shares in the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $167.70 on Friday. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. The stock’s 50 day moving average price is $180.28 and its two-hundred day moving average price is $180.26. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06.

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.