Fidelity MSCI Information Technology Index ETF $FTEC Position Lifted by Lido Advisors LLC

Lido Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,100,187 shares of the company’s stock after buying an additional 4,587 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for about 1.4% of Lido Advisors LLC’s holdings, making the stock its 7th biggest position. Lido Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $466,744,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FTEC. Financial Life Planners purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $25,000. Bessemer Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $26,000. Wealth Watch Advisors INC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $30,000. Strategic Advocates LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $37,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.5%

NYSEARCA:FTEC opened at $296.02 on Thursday. The stock’s 50 day moving average price is $248.09 and its 200 day moving average price is $231.46. Fidelity MSCI Information Technology Index ETF has a 52-week low of $183.96 and a 52-week high of $300.79. The company has a market capitalization of $21.52 billion, a PE ratio of 35.45 and a beta of 1.31.

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.