LPL Financial LLC Purchases 125,340 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

LPL Financial LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 47.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,608 shares of the company’s stock after acquiring an additional 125,340 shares during the period. LPL Financial LLC owned 0.62% of Fidelity MSCI Information Technology Index ETF worth $71,846,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FTEC. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $26,000. Fifth Third Bancorp bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $37,000. Promus Capital LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $41,000. Mainstream Capital Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $48,000.

Fidelity MSCI Information Technology Index ETF Trading Down 2.4 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $167.50 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $193.06. The company’s fifty day simple moving average is $179.53 and its 200-day simple moving average is $180.44. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17.

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.