Lido Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,145,522 shares of the company’s stock, valued at approximately $643,786,000. Fidelity MSCI Information Technology Index ETF comprises 1.6% of Lido Advisors LLC’s portfolio, making the stock its 8th biggest position.
Several other large investors also recently bought and sold shares of the business. Concurrent Investment Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $1,309,000. Succession Financial Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $3,414,000. NewEdge Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 36,762 shares of the company’s stock valued at $10,498,000 after acquiring an additional 1,744 shares during the last quarter. IPG Investment Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $2,353,000. Finally, Uhlmann Price Securities LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $1,390,000.
Fidelity MSCI Information Technology Index ETF Trading Down 1.3%
Fidelity MSCI Information Technology Index ETF stock opened at $263.80 on Wednesday. The company has a 50-day moving average price of $289.90 and a 200 day moving average price of $262.31. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $311.83. The stock has a market cap of $19.75 billion, a P/E ratio of 27.55 and a beta of 1.37.
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.
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