Lido Advisors LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Lido Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,145,522 shares of the company’s stock, valued at approximately $643,786,000. Fidelity MSCI Information Technology Index ETF comprises 1.6% of Lido Advisors LLC’s portfolio, making the stock its 8th largest position. Lido Advisors LLC owned approximately 2.88% of Fidelity MSCI Information Technology Index ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elwood & Goetz Wealth Advisory Group LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 3.6% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,012 shares of the company’s stock worth $304,000 after purchasing an additional 35 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.5% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,520 shares of the company’s stock valued at $434,000 after purchasing an additional 37 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 4.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 925 shares of the company’s stock valued at $278,000 after purchasing an additional 40 shares during the period. Eley Financial Management Inc boosted its holdings in Fidelity MSCI Information Technology Index ETF by 0.3% during the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after buying an additional 41 shares in the last quarter. Finally, Monte Financial Group LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 2.9% during the third quarter. Monte Financial Group LLC now owns 1,798 shares of the company’s stock worth $540,000 after buying an additional 51 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $263.80 on Wednesday. The firm’s fifty day moving average is $289.90 and its 200 day moving average is $262.31. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year high of $311.83. The firm has a market cap of $19.75 billion, a PE ratio of 27.55 and a beta of 1.37.

Fidelity MSCI Information Technology Index ETF Company 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.