Lido Advisors LLC Buys 75,631 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Lido Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,175,818 shares of the company’s stock after buying an additional 75,631 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up about 1.4% of Lido Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Lido Advisors LLC owned about 2.99% of Fidelity MSCI Information Technology Index ETF worth $452,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 394,739 shares during the period. Vicus Capital boosted its stake in Fidelity MSCI Information Technology Index ETF by 2,666.4% during 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 during the period. SteelPeak Wealth LLC boosted its stake in 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 valued at $24,202,000 after purchasing an additional 104,830 shares during the period. Orion Porfolio Solutions LLC grew its position in Fidelity MSCI Information Technology Index ETF by 406.9% in the 2nd 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. Finally, LPL Financial LLC grew its position in Fidelity MSCI Information Technology Index ETF by 14.1% in the 4th quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock worth $156,079,000 after purchasing an additional 85,840 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.3%

Shares of NYSEARCA:FTEC opened at $276.23 on Thursday. The firm’s 50 day moving average is $278.92 and its two-hundred day moving average is $244.68. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79. The firm has a market capitalization of $20.28 billion, a P/E 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.