Fidelity MSCI Information Technology Index ETF $FTEC is Lido Advisors LLC’s 7th Largest Position

Lido Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100,187 shares of the company’s stock after purchasing an additional 4,587 shares during the period. Fidelity MSCI Information Technology Index ETF comprises 1.4% of Lido Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Lido Advisors LLC owned approximately 2.88% of Fidelity MSCI Information Technology Index ETF worth $466,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FTEC. Mercer Global Advisors Inc. ADV raised its position in Fidelity MSCI Information Technology Index ETF by 6,087.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after purchasing an additional 471,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $157,364,000 after purchasing an additional 394,739 shares in the last quarter. Vicus Capital raised its position in Fidelity MSCI Information Technology Index ETF by 2,666.4% in the 4th quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after purchasing an additional 108,577 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of 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 in the last quarter. Finally, PFG Advisors acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $22,364,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

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

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.