Raymond James & Associates Boosts Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Raymond James & Associates raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 40.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,741 shares of the company’s stock after buying an additional 9,150 shares during the period. Raymond James & Associates owned approximately 0.05% of Fidelity MSCI Information Technology Index ETF worth $5,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 843,576 shares of the company’s stock worth $144,690,000 after purchasing an additional 20,151 shares during the last quarter. LPL Financial LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock worth $47,800,000 after purchasing an additional 4,017 shares during the last quarter. AGF Management Ltd. lifted its position in shares of 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 purchasing an additional 40,910 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $23,275,000. Finally, Kestra Advisory Services LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 9.9% during the first quarter. Kestra Advisory Services LLC now owns 112,498 shares of the company’s stock worth $17,532,000 after purchasing an additional 10,117 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $174.50 on Friday. Fidelity MSCI Information Technology Index ETF has a one year low of $124.60 and a one year high of $181.99. The company’s 50-day simple moving average is $172.64 and its 200-day simple moving average is $166.78. The stock has a market capitalization of $10.87 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.