Claro Advisors LLC Makes New $1.44 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Claro Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,223 shares of the company’s stock, valued at approximately $1,437,000.

A number of other large investors have also made changes to their positions in the company. Lido Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 9.3% during the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock valued at $203,154,000 after purchasing an additional 141,104 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth about $196,694,000. Envestnet Asset Management Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 16.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock valued at $60,303,000 after acquiring an additional 59,879 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $33,181,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 18.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 196,291 shares of the company’s stock valued at $28,195,000 after purchasing an additional 30,245 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock traded up $1.61 during trading on Monday, hitting $173.13. 352,400 shares of the company were exchanged, compared to its average volume of 240,429. The business’s 50-day simple moving average is $160.38 and its 200 day simple moving average is $153.51. Fidelity MSCI Information Technology Index ETF has a twelve month low of $118.39 and a twelve month high of $176.34. The firm has a market capitalization of $10.79 billion, a price-to-earnings 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.