Atlantic Union Bankshares Corp Takes $492,000 Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Atlantic Union Bankshares Corp acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,868 shares of the company’s stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTEC. CHURCHILL MANAGEMENT Corp acquired a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $196,694,000. Commonwealth Equity Services LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 1.8% in the first quarter. Commonwealth Equity Services LLC now owns 823,425 shares of the company’s stock valued at $128,323,000 after purchasing an additional 14,716 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 16.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after purchasing an additional 59,879 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 18.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 196,291 shares of the company’s stock worth $28,195,000 after purchasing an additional 30,245 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in Fidelity MSCI Information Technology Index ETF by 42.1% in the 4th quarter. AGF Management Ltd. now owns 148,174 shares of the company’s stock valued at $21,284,000 after purchasing an additional 43,917 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $172.53 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $118.39 and a fifty-two week high of $181.11. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The business’s fifty day moving average price is $170.03 and its two-hundred day moving average price is $160.36.

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.