Claro Advisors LLC Buys 4,343 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Claro Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,806 shares of the company’s stock after buying an additional 4,343 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 1.0% of Claro Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Claro Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the first quarter worth $374,000. PNC Financial Services Group Inc. boosted its position in Fidelity MSCI Information Technology Index ETF by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the company’s stock worth $273,000 after purchasing an additional 176 shares during the last quarter. AE Wealth Management LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 12.0% in the first quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock worth $499,000 after purchasing an additional 330 shares during the last quarter. CWM LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 36.8% in the second quarter. CWM LLC now owns 6,392 shares of the company’s stock worth $1,261,000 after purchasing an additional 1,719 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 1.7% in the first quarter. Private Advisor Group LLC now owns 13,881 shares of the company’s stock worth $2,239,000 after purchasing an additional 238 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.7%

NYSEARCA:FTEC opened at $230.97 on Wednesday. The stock has a market capitalization of $16.98 billion, a PE ratio of 35.45 and a beta of 1.24. The firm’s 50 day moving average is $221.25 and its 200 day moving average is $200.94. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25.

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.