Brandywine Oak Private Wealth LLC Makes New $220,000 Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Brandywine Oak Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,115 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AGF Management Ltd. boosted its position in Fidelity MSCI Information Technology Index ETF by 2.8% during the first quarter. AGF Management Ltd. now owns 607,962 shares of the company’s stock worth $98,046,000 after purchasing an additional 16,619 shares during the period. LPL Financial LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 3.9% in the 1st quarter. LPL Financial LLC now owns 403,813 shares of the company’s stock valued at $65,123,000 after buying an additional 15,205 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Fidelity MSCI Information Technology Index ETF by 15.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 217,130 shares of the company’s stock worth $35,017,000 after acquiring an additional 28,454 shares during the period. Kestra Investment Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 11.4% during the 1st quarter. Kestra Investment Management LLC now owns 214,133 shares of the company’s stock worth $34,533,000 after acquiring an additional 21,914 shares during the last quarter. Finally, TBH Global Asset Management LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 1,753.6% during the first quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock valued at $25,902,000 after acquiring an additional 151,950 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $219.27 on Friday. The stock’s 50-day moving average is $213.41 and its 200-day moving average is $191.14. The company has a market cap of $15.94 billion, a P/E 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 $229.78.

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.