8,240 Shares in Fidelity MSCI Information Technology Index ETF $FTEC Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,240 shares of the company’s stock, valued at approximately $2,353,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.6% during the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after buying an additional 75,631 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Information Technology Index ETF by 129.1% during the fourth 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 period. LPL Financial LLC increased its position in Fidelity MSCI Information Technology Index ETF by 14.1% during the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock worth $156,079,000 after acquiring an additional 85,840 shares during the period. Morgan Stanley raised its stake in Fidelity MSCI Information Technology Index ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 365,438 shares of the company’s stock worth $82,103,000 after purchasing an additional 22,833 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Fidelity MSCI Information Technology Index ETF by 1.5% in the 4th quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock worth $67,358,000 after purchasing an additional 4,486 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.2%

Shares of NYSEARCA:FTEC opened at $288.52 on Thursday. The company’s 50 day moving average price is $280.61 and its two-hundred day moving average price is $259.24. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $300.79. The firm has a market cap of $21.21 billion, a PE ratio of 35.45 and a beta of 1.35.

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.