Principal Securities Inc. Acquires 1,611 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Principal Securities Inc. grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 37.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,868 shares of the company’s stock after buying an additional 1,611 shares during the quarter. Principal Securities Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,085,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FTEC. Aptus Capital Advisors LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $37,000. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $48,000. Sound Income Strategies LLC raised its position in Fidelity MSCI Information Technology Index ETF by 146.7% during the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after acquiring an additional 157 shares in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $69,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.1 %

Shares of FTEC opened at $191.41 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The stock’s 50 day moving average is $187.21 and its two-hundred day moving average is $179.28. The firm has a market cap of $11.92 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.