Aspetuck Financial Management LLC Buys Shares of 26,400 Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Aspetuck Financial Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 26,400 shares of the company’s stock, valued at approximately $4,258,000. Fidelity MSCI Information Technology Index ETF comprises 3.7% of Aspetuck Financial Management LLC’s portfolio, making the stock its 5th largest position.

A number of other institutional investors also recently bought and sold shares of FTEC. Ameriprise Financial Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 242.7% in the fourth quarter. Ameriprise Financial Inc. now owns 216,721 shares of the company’s stock valued at $40,067,000 after acquiring an additional 153,479 shares during the period. LPL Financial LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 47.6% in the fourth quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock valued at $71,846,000 after acquiring an additional 125,340 shares during the period. Raymond James Financial Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $12,377,000. Lido Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.0% in the fourth quarter. Lido Advisors LLC now owns 1,951,041 shares of the company’s stock worth $360,708,000 after buying an additional 37,440 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 22.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 179,336 shares of the company’s stock worth $33,156,000 after buying an additional 32,295 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 0.9%

NYSEARCA FTEC opened at $193.70 on Thursday. The stock’s 50-day moving average price is $176.42 and its 200-day moving average price is $177.06. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $194.00. The company has a market capitalization of $13.73 billion, a P/E ratio of 35.45 and a beta of 1.24.

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.