Y Intercept Hong Kong Ltd Makes New $1.31 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,111 shares of the company’s stock, valued at approximately $1,308,000.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 242.7% during the 4th quarter. Ameriprise Financial Inc. now owns 216,721 shares of the company’s stock valued at $40,067,000 after buying an additional 153,479 shares during the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1,753.6% during the 1st quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock valued at $25,902,000 after buying an additional 151,950 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 47.6% during the 4th quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock valued at $71,846,000 after buying an additional 125,340 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at approximately $16,917,000. Finally, Lido Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.0% in the 4th quarter. Lido Advisors LLC now owns 1,951,041 shares of the company’s stock valued at $360,708,000 after acquiring an additional 37,440 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $203.62 on Thursday. The company has a 50-day moving average of $190.80 and a two-hundred day moving average of $178.62. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $205.68.

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.