LPL Financial LLC Buys 85,840 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

LPL Financial LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 694,702 shares of the company’s stock after acquiring an additional 85,840 shares during the quarter. LPL Financial LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $156,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FTEC. Mercer Global Advisors Inc. ADV grew its position in Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock worth $106,504,000 after acquiring an additional 471,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Information Technology Index ETF by 129.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after acquiring an additional 394,739 shares during the last quarter. Vicus Capital grew its position in Fidelity MSCI Information Technology Index ETF by 2,666.4% during the 4th quarter. Vicus Capital now owns 112,649 shares of the company’s stock worth $25,309,000 after acquiring an additional 108,577 shares during the last quarter. SteelPeak Wealth LLC grew its position in Fidelity MSCI Information Technology Index ETF by 3,622.3% during the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock worth $24,202,000 after acquiring an additional 104,830 shares during the last quarter. Finally, PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $22,364,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $268.43 on Thursday. The stock’s 50 day simple moving average is $255.20 and its 200 day simple moving average is $233.52. Fidelity MSCI Information Technology Index ETF has a 1 year low of $184.88 and a 1 year high of $300.79. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.