Citigroup Inc. Grows Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Citigroup Inc. raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 53.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,335 shares of the company’s stock after buying an additional 9,206 shares during the quarter. Citigroup Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,595,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FTEC. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 843,576 shares of the company’s stock valued at $144,690,000 after purchasing an additional 20,151 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% in 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. LPL Financial LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% during the 2nd quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock worth $47,800,000 after acquiring an additional 4,017 shares in the last quarter. AGF Management Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 18.4% in the 2nd quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock valued at $45,207,000 after purchasing an additional 40,910 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $23,275,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $186.99 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $135.17 and a 1 year high of $187.60. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The business has a 50-day moving average of $179.27 and a two-hundred day moving average of $171.86.

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.