Aureus Asset Management LLC Buys New Position in Fidelity MSCI Information Technology Index ETF $FTEC

Aureus Asset Management LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,294 shares of the company’s stock, valued at approximately $477,000.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 129.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after acquiring an additional 394,739 shares during the period. Vicus Capital raised its holdings in Fidelity MSCI Information Technology Index ETF by 2,666.4% in 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 holdings in Fidelity MSCI Information Technology Index ETF by 3,622.3% in 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. Orion Porfolio Solutions LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 406.9% during the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after purchasing an additional 86,780 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 14.1% during the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after purchasing an additional 85,840 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $273.30 on Friday. The stock has a 50-day simple moving average of $278.88 and a two-hundred day simple moving average of $245.01. The firm has a market capitalization of $20.03 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $300.79.

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.