Apexium Financial LP Purchases 13,014 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Apexium Financial LP raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 160.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,113 shares of the company’s stock after buying an additional 13,014 shares during the quarter. Apexium Financial LP’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $878,000. CWM LLC raised its position in Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after purchasing an additional 1,421 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fidelity MSCI Information Technology Index ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after purchasing an additional 6,629 shares in the last quarter. FMR LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 10.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock worth $296,000 after purchasing an additional 153 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $190.45 on Monday. The company has a 50 day simple moving average of $187.21 and a 200 day simple moving average of $177.32. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $193.06. The firm has a market cap of $11.87 billion, a PE ratio of 37.14 and a beta of 1.41.

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.