Claro Advisors LLC Boosts Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Claro Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 15.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,096 shares of the company’s stock after purchasing an additional 3,163 shares during the quarter. Claro Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FTEC. International Assets Investment Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after acquiring an additional 809,315 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $23,275,000. Cetera Investment Advisers lifted its position in Fidelity MSCI Information Technology Index ETF by 130.8% in the first quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock valued at $14,884,000 after buying an additional 54,133 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity MSCI Information Technology Index ETF by 93.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock worth $17,096,000 after buying an additional 47,500 shares during the period. Finally, AGF Management Ltd. boosted its stake in Fidelity MSCI Information Technology Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock worth $45,207,000 after buying an additional 40,910 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $179.39 on Friday. The company’s 50 day simple moving average is $175.74 and its 200-day simple moving average is $169.37. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.55 and a 1 year high of $186.33. The company has a market capitalization of $11.18 billion, a price-to-earnings 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.