Fidelity MSCI Information Technology Index ETF $FTEC Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,819 shares of the company’s stock after purchasing an additional 46,304 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $58,373,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $25,000. Bessemer Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $26,000. Wealth Watch Advisors INC bought a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth about $30,000. Strategic Advocates LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $31,000. Finally, First Horizon Corp acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $34,000.

Fidelity MSCI Information Technology Index ETF Trading Down 1.6%

Shares of NYSEARCA FTEC opened at $270.56 on Friday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $175.39 and a twelve month high of $275.77. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. The firm has a 50-day moving average of $230.93 and a two-hundred day moving average of $227.00.

About Fidelity MSCI Information Technology Index ETF

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.