IPG Investment Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 8,240 shares of the company’s stock, valued at approximately $2,353,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FTEC. Lido Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 3.6% during the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after purchasing an additional 75,631 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after buying an additional 394,739 shares during the period. LPL Financial LLC raised its position in shares of 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 valued at $156,079,000 after buying an additional 85,840 shares in the last quarter. Morgan Stanley raised its position in shares of 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 valued at $82,103,000 after buying an additional 22,833 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the 4th quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock worth $67,358,000 after acquiring an additional 4,486 shares during the period.
Fidelity MSCI Information Technology Index ETF Trading Down 0.2%
NYSEARCA FTEC opened at $288.52 on Thursday. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 35.45 and a beta of 1.35. The firm’s 50 day simple moving average is $280.61 and its 200 day simple moving average is $259.24. Fidelity MSCI Information Technology Index ETF has a 1 year low of $198.17 and a 1 year high of $300.79.
Fidelity MSCI Information Technology Index ETF Company 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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