United Community Bank Buys New Shares in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

United Community Bank bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, Holdings Channel reports. The firm bought 745 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 8.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,300 shares of the company’s stock valued at $6,896,000 after acquiring an additional 2,798 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $945,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $12,377,000. Promus Capital LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $41,000. Finally, Assetmark Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 34.7% in the fourth quarter. Assetmark Inc. now owns 826 shares of the company’s stock worth $153,000 after buying an additional 213 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 1.2 %

NYSEARCA:FTEC opened at $171.05 on Monday. The company has a market capitalization of $12.45 billion, a P/E ratio of 36.37 and a beta of 1.15. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The business’s 50-day moving average is $184.33 and its 200 day moving average is $180.59.

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.