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

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

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 53.7% in the third quarter. Citigroup Inc. now owns 26,335 shares of the company’s stock worth $4,595,000 after purchasing an additional 9,206 shares during the period. Centaurus Financial Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 15.6% in the 3rd quarter. Centaurus Financial Inc. now owns 2,316 shares of the company’s stock valued at $404,000 after buying an additional 313 shares in the last quarter. FMR LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $1,964,000. Finally, FSA Wealth Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $90,000.

Fidelity MSCI Information Technology Index ETF Stock Down 2.4 %

NYSEARCA:FTEC opened at $167.50 on Thursday. The firm has a market capitalization of $11.83 billion, a PE ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06. The firm has a 50-day moving average price of $179.53 and a 200 day moving average price of $180.44.

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.