Private Advisor Group LLC Raises Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Private Advisor Group LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,643 shares of the company’s stock after buying an additional 991 shares during the period. Private Advisor Group LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,522,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FTEC. Aptus Capital Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $37,000. Newbridge Financial Services Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $48,000. Sound Income Strategies LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 146.7% during the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after purchasing an additional 157 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $69,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.5 %

Fidelity MSCI Information Technology Index ETF stock opened at $182.94 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The company’s 50 day moving average price is $186.94 and its two-hundred day moving average price is $180.12. The stock has a market cap of $11.40 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.