Range Advisory LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,135 shares of the company’s stock, valued at approximately $610,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in FTEC. Lido Advisors LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity MSCI Information Technology Index ETF by 129.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after buying an additional 394,739 shares during the period. LPL Financial LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 14.1% in the 4th quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock worth $156,079,000 after buying an additional 85,840 shares during the last quarter. Morgan Stanley boosted its stake in Fidelity MSCI Information Technology Index ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 365,438 shares of the company’s stock worth $82,103,000 after buying an additional 22,833 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% in the 4th quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock valued at $67,358,000 after buying an additional 4,486 shares during the period.
Fidelity MSCI Information Technology Index ETF Price Performance
FTEC opened at $288.98 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $300.79. The business has a 50-day moving average of $280.44 and a two-hundred day moving average of $258.75. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 35.45 and a beta of 1.35.
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.
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