Fidelity MSCI Information Technology Index ETF $FTEC Stock Holdings Increased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 97.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,657 shares of the company’s stock after acquiring an additional 6,242 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FTEC. Mercer Global Advisors Inc. ADV raised its position in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock worth $106,504,000 after purchasing an additional 471,653 shares during the period. Vicus Capital raised its position in shares of 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 worth $25,309,000 after purchasing an additional 108,577 shares during the period. SteelPeak Wealth LLC raised its position in shares of 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 worth $24,202,000 after purchasing an additional 104,830 shares during the period. PFG Advisors acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $22,364,000. Finally, Orion Porfolio Solutions LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 406.9% during 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 period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.6%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $250.20 on Friday. The business’s 50 day simple moving average is $222.33 and its 200-day simple moving average is $224.40. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a twelve month low of $164.76 and a twelve month high of $250.82.

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.