Principal Securities Inc. Has $33.49 Million Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Principal Securities Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 72.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,048 shares of the company’s stock after buying an additional 62,396 shares during the quarter. Principal Securities Inc. owned about 0.20% of Fidelity MSCI Information Technology Index ETF worth $33,487,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Founders Financial Alliance LLC grew its position in Fidelity MSCI Information Technology Index ETF by 2.0% during the fourth quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock worth $559,000 after buying an additional 49 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $215,000. Gateway Wealth Partners LLC grew its position in Fidelity MSCI Information Technology Index ETF by 34.6% during the fourth quarter. Gateway Wealth Partners LLC now owns 2,153 shares of the company’s stock worth $484,000 after buying an additional 554 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $143,000. Finally, RM Financial Services LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $292,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $277.23 on Friday. The company has a market capitalization of $20.15 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1 year low of $184.88 and a 1 year high of $300.79. The business’s 50 day simple moving average is $256.59 and its 200 day simple moving average is $233.96.

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.