Royal Bank of Canada Has $12.21 Million Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Royal Bank of Canada decreased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,694 shares of the company’s stock after selling 23,507 shares during the quarter. Royal Bank of Canada owned approximately 0.08% of Fidelity MSCI Information Technology Index ETF worth $12,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after purchasing an additional 394,739 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 406.9% during the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock worth $21,321,000 after purchasing an additional 86,780 shares during the last quarter. LPL Financial LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after buying an additional 85,840 shares during the period. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after buying an additional 75,631 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 72.0% in the fourth quarter. Principal Securities Inc. now owns 149,048 shares of the company’s stock valued at $33,487,000 after buying an additional 62,396 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $289.84 on Friday. The company has a 50 day simple moving average of $278.63 and a 200 day simple moving average of $248.59. Fidelity MSCI Information Technology Index ETF has a 1 year low of $198.17 and a 1 year high of $300.79. The firm has a market cap of $21.30 billion, a PE 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.