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

Principal Securities Inc. grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 72.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $33,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after buying an additional 1,458 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $2,532,000. Jane Street Group LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $3,833,000. Marshall Wace LLP acquired a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $5,649,000. Finally, Flow Traders U.S. LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $242,000.

Fidelity MSCI Information Technology Index ETF Stock Up 3.3%

NYSEARCA:FTEC opened at $277.23 on Friday. The stock’s 50-day simple moving average is $256.59 and its 200 day simple moving average is $233.96. The firm has a market capitalization of $20.15 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a twelve month low of $184.88 and a twelve month high of $300.79.

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.