Raymond James & Associates Has $5.54 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Raymond James & Associates grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 40.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,741 shares of the company’s stock after purchasing an additional 9,150 shares during the quarter. Raymond James & Associates’ holdings in Fidelity MSCI Information Technology Index ETF were worth $5,539,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $23,275,000. Cetera Investment Advisers increased its position in shares of Fidelity MSCI Information Technology Index ETF by 130.8% during the first quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock worth $14,884,000 after acquiring an additional 54,133 shares in the last quarter. AGF Management Ltd. increased 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 acquiring an additional 40,910 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $43,000. Finally, Commonwealth Equity Services LLC increased 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 acquiring an additional 20,151 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.9 %

Shares of FTEC stock opened at $174.50 on Friday. The firm has a fifty day moving average of $172.64 and a 200-day moving average of $166.78. Fidelity MSCI Information Technology Index ETF has a 12-month low of $124.60 and a 12-month high of $181.99. The company 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.